Trustee For Refco Unit Urges Judge To Bless Settlement

Law360, New York (August 15, 2006, 12:00 AM EDT) -- The court-appointed administrator for bankrupt Refco Inc.’s unit Refco Capital Markets has urged a judge to ignore creditors’ objections and approve a settlement deal that would pave the way for the company to emerge from bankruptcy.

In a section of a court filing, titled “Gadfly Objections,” U.S. Trustee Marc Kirschner stated that some objectors to the settlement “have only a tenuous economic interest in the matters being settled. Many have no interest at all.”

He went on to say that the “last and loudest of the...
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