We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Mayer Brown Escapes Refco Securities Fraud Action

Law360 (March 18, 2009, 12:00 AM EDT) -- A federal judge has tossed Mayer Brown LLP and a firm partner from a proposed securities class action stemming from the collapse of Refco Inc., saying outside counsel could not be held liable for the alleged multimillion-dollar fraud scheme that felled the defunct brokerage firm.

Judge Gerald Lynch of the U.S. District Court for the Southern District of New York on Tuesday granted motions by Mayer Brown and partner Joseph P. Collins to dismiss the claims against them from the plaintiff shareholders' second amended complaint....
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.