Customers Want Refco To Pick Up Legal Tab

Law360, New York (August 10, 2006, 12:00 AM EDT) -- Contending that their work set the stage for a multi-billion dollar settlement, approximately two dozen Refco Inc. customers said Wednesday that they want the bankrupt brokerage to pick up $4.3 million in attorneys’ fees.

The customers said that they made a “substantial contribution” to Refco’s Chapter 11 case when they sued the company and when they distinguished their rights from those of other Refco creditors.

They contend that if they didn’t pushed for a specific interpretation of Refco Capital Markets Ltd. as a “stockbroker” and their...
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