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Two New Refco Trusts Suits Seek $400M

Law360 (October 16, 2007, 12:00 AM EDT) -- The Refco Litigation Trusts have added to the growing mountain of litigation targeting former executives of former futures broker Refco Inc., filing two new lawsuits asking for the return of funds gained through preferential and fraudulent transfers.

Trustee Marc S. Kirschner filed the suits on Monday. The first, filed in the U.S. Bankruptcy Court for the Southern District of New York demands the disgorgement of more than $400 million in profits received by the former owners, officers and directors of Refco who have been implicated in...
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