We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Refco Brokerage Customers Want Unit Liquidated ASAP

Law360 (February 14, 2006, 12:00 AM EST) -- A group of customers of bankrupt Refco Inc. attempted to persuade a U.S. bankruptcy court judge on Tuesday to move the company’s unregulated broker-dealer unit to Chapter 7 liquidation proceedings immediately.

The debate raged in Manhattan bankruptcy court this week over what to do with the assets that customers had left in trading accounts at Refco Capital Markets.

Some RCM customers feel that they are entitled to have their assets back, prompting the group to file a motion with U.S. Bankruptcy Court Judge Robert Drain asking...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.