Some Refco-Related Claims V. Grant Thornton Tossed

By Pete Brush (August 7, 2008, 12:00 AM EDT) -- A lawsuit claiming Grant Thornton LLP is responsible for an investment firm's massive losses in connection with the collapse of Refco Inc. was partially thrown out Wednesday.

A federal judge tossed Thomas H. Lee Equity Fund V LP's claims of negligent misrepresentation and professional malpractice but allowed a claim of aiding and abetting fraud to go forward against the auditing and consulting firm.

The suit, first filed in state court and later moved to the U.S. District Court for the Southern District of New York, alleges Grant Thornton knew about the now-defunct Refco's fraudulent loan transactions in April 2004 — during...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Attached Documents

Related Sections

Law Firms

Companies

Government Agencies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!