Gov. Renews Efforts To Ensure Oversight Of Refco

Law360, New York (January 30, 2006, 12:00 AM EST) -- The U.S. government wants an independent examiner to oversee the bankruptcy proceedings of fallen futures and commodities broker Refco Inc., after the judge in the case turned down its request for trustee oversight earlier this month.

The committee representing Refco’s unsecured creditors is expected to fight the appointment of an examiner, citing their belief that the company’s new leadership will sufficiently oversee Refco’s transition from bankruptcy.

U.S. Bankruptcy Judge Robert D. Drain sided with that argument in December 2005, when he denied the government’s request for...
To view the full article, register now.

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.