Court Grants Ex-Refco Execs' Demand For Insurance

Law360, New York (June 19, 2008, 12:00 AM EDT) -- Former executives of now-defunct futures brokerage Refco Inc. have won the most recent battle in their fight to access their directors and officers liability insurance after a judge threw out part of a suit filed by the insurer seeking to shed its liability to the executives.

In a decision handed down on Thursday, Judge Gerard E. Lynch of the U.S. District Court for the Southern District of New York partially granted a motion for summary judgment filed by former Refco officers Dennis A. Klejna, William M....
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