Refco Claims Against Mayer Brown Should Stick, Report Says

Law360, New York (April 22, 2013, 6:22 PM EDT) -- The special master in the Refco Inc. securities fraud multidistrict litigation said Sunday that Mayer Brown LLP and Grant Thornton LLP should remain on the hook for aiding and abetting claims because there were enough factual questions that could be considered by a jury at trial.

The firms are part of the sprawling litigation brought by Sphinx Ltd. funds, which allegedly lost $263 million when Refco collapsed in 2005, because of their suspected roles in Refco's $1.5 billion fraud scheme that sent ex-CEO Phillip R. Bennett...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Krys et al v. Sugrue et al


Case Number

1:08-cv-03065

Court

New York Southern

Nature of Suit

Personal Property: Other

Judge

Jed S. Rakoff

Date Filed

March 26, 2008

Law Firms

Companies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.