Refco Acquires More Time To File Plan

Law360, New York (September 11, 2006, 12:00 AM EDT) -- Refco Inc. has gained three more weeks to exclusively file its reorganization plan, but the bankrupt brokerage may end up winning even more time.

The extension was granted Monday, and a hearing was set for Oct. 5 to decide whether Refco can have two more months to file its plan.

The move came just before a hearing scheduled for Tuesday to discuss how to distribute $2.4 billion held by Refco Capital Markets Ltd. The court-appointed Trustee, Marc Kirschner, is trying to prevent other Refco units from...
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