April 21, 2010
Credit Suisse Securities USA LLC, Banc of America Securities LLC, Deutsche Bank Securities Inc., Goldman Sachs & Co. and others have agreed to pay $53 million to settle allegations that they aided Refco Inc. in artificially inflating its stock via false statements, nondisclosures and fraudulent conduct.
August 15, 2008
A district judge has once again tossed complaints by the shareholders of now-defunct futures brokerage Refco Inc. against three of the world's largest investment banks, marking the second time that the plaintiffs in the case have been denied.
January 07, 2008
The plaintiffs in a securities class action case against fallen futures brokerage Refco Inc., who agreed to settle an action against a former Refco executive, fired back at the nonsettling executive defendants who have challenged the settlement.
December 10, 2007
The latest casualty of the $430 million fraud scandal at bankrupt Refco Inc. is the company's general counsel, Dennis Klejna, who has reached a $7.6 million settlement with shareholders that accused him of complicity in the scheme that felled the futures broker.
May 25, 2007
The lead plaintiffs in the securities class action filed against now-defunct futures brokerage Refco Inc. have formally objected to a motion filed by some of the defendants asking the court to reconsider the allegations against them.
May 02, 2007
A federal judge has dismissed claims against a former Refco Inc. executive and three banks from a class action filed on the heels of Refco's collapse.
September 21, 2006
As Austrian prosecutors delve deeper into Austrian lender Bawag PSK Group’s role in the collapse of Refco Inc., employees of the Vienna bank’s auditor, KPMG Alpen-Treuhand GmbH, have now come under scrutiny as well.
September 12, 2006
Two investment firms that filed a class action lawsuit against Austrian lender Bawag PSK Group for its role in Refco Inc.’s collapse have asked a judge to approve a $108 million settlement before the bank’s finances further deteriorate.
February 06, 2006
Plaintiffs firm Bernstein Litowitz Berger & Grossman has pulled off a major coup with its shareholder lawsuit against crumbled futures broker Refco after being named lead counsel by a New York federal judge.