Refco Plaintiffs, Remaining Defendants Square Off

Law360, New York (January 7, 2008, 12:00 AM EST) -- The plaintiffs in a securities class action case against fallen futures brokerage Refco Inc., who agreed to settle an action against a former Refco executive, fired back at the nonsettling executive defendants who have challenged the settlement.

In a memorandum of law filed on Friday, the group of plaintiffs who settled with former Refco general counsel Dennis Klejna refuted the arguments made by the remaining defendants in the case who have filed a motion opposing the deal.

In December, Klejna reached a $7.6 million settlement with...
To view the full article, register now.




Case Information

Case Title

Mazur et al v. Refco, Inc. et al

Case Number



New York Southern

Nature of Suit



Jed S. Rakoff

Date Filed

October 11, 2005

Law Firms

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.