Refco Trustee Seeks Control Of Bankruptcy Trial

Law360, New York (January 10, 2006, 12:00 AM EST) -- The Refco bankruptcy proceedings have barely gotten under way, but already interested parties are clashing about who should control the future of the struggling commodities broker.

Deirdre Martini, the U.S. Trustee appointed to oversee Refco’s bankruptcy case, has made a play to take control of the proceedings from the company and its creditors, claiming that conflicts of interest would prevent them from handling the investigation impartially.

“The undisputed facts of these cases necessarily lead to the conclusion neither (Refco) nor the committee are legally capable of...
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