Refco Moves To Limit Probe Into Offshore Unit

Law360, New York (March 6, 2006, 12:00 AM EST) -- In a move to limit the scope of an investigation by a court-appointed examiner, Refco Inc. has told a bankruptcy judge it doesn't want the examiner to look into alleged wrongdoing at its unregulated offshore unit, Refco Capital Markets Ltd.

In papers filed in a Manhattan bankruptcy court last week, the company said it supported the appointment of an examiner, but asked that the parameters of the examination be narrowly tailored so that the appointment best serves the interests of the estates.

“The virtually unlimited scope...
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.