Refco Strikes Back At Trustee’s Bias Claims

Law360, New York (February 7, 2006, 12:00 AM EST) -- Bankrupt commodities brokerage Refco Inc. is fighting back against attempts by a U.S. government official to appoint an examiner to investigate fraud claims against the company, blasting her claims that its directors are biased.

The appointment of Chief Executive Officer Harrison J. Goldin, a former senior audit partner at KPMG, and three new board members proves that the trustee’s claims of bias are unfounded, the company said in its filing with U.S. Bankruptcy Court.

The new board members are Stephen J. Friedman (dean of Pace Law...
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