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Refco Creditors Take Aim At IPO Banks

Law360 (March 3, 2006, 12:00 AM EST) -- Targeting eight investment banks that underwrote Refco’s initial public offering before it fell into bankruptcy two months later, the creditors committee asked a bankruptcy court for the right to review the banks’ books.

The committee wants to investigate the banks that underwrote Refco’s $583 million public offering in August 2005. The creditors also asked the court to give them the right to look into the company’s leveraged buyout in June 2004.

“The committee seeks authorization to obtain the production of documents from the respondents concerning their...
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