CFTC Objects To Refco Unit’s Move Out Of Chapter 7
The U.S. regulatory agency sought to stymie Refco’s attempts to convert the bankruptcy case of its Refco LLC unit into a Chapter 11 reorganization. The Refco unit has been bogged down in Chapter 7 proceedings since last November.
According to court papers filed in the U.S. Bankruptcy Court in Manhattan, the agency argued that Refco’s...
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