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...
To view the full article, register now.

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.