Class Action Suits Filed Against Refco Underwriters
Several class action lawsuits have been filed against banks that underwrote the $585 million IPO, including Credit Suisse First Boston and Goldman Sachs. At least one of the suits also names Grant Thornton LLP, Refco’s auditor.
According to one suit, filed by Shalov, Stone & Bonner LLP, the underwriters omitted or misrepresented facts about Refco’s financial situation.
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