September 02, 2015
After a jury cleared a Bank of New York Mellon Corp. hedge fund administration subsidiary and its CEO of a $460 million suit over alleged deceptive accounting following disgraced brokerage firm Refco LLC's implosion, the parties this week sparred over the defendants' attorneys' fees bid.
August 18, 2015
A New Jersey jury on Monday cleared a Bank of New York-Mellon hedge fund administration subsidiary in a $460 million lawsuit that accused its former leader of accounting chicanery that resulted in massive losses for a group of Cayman Island funds after disgraced brokerage firm Refco LLC imploded in 2005.
June 12, 2015
A New Jersey federal judge denied motions Friday to dismiss three expert witnesses and partially granted dismissals of four others in a suit accusing a former hedge fund director of sneaking $312 million into offshore Refco Inc. accounts days before the brokerage firm's bankruptcy.
May 21, 2015
A New Jersey federal judge ruled Wednesday that Cayman Islands law applies to a lawsuit accusing a former Sphinx hedge fund director of improperly depositing $312 million into offshore Refco Inc. accounts days before the brokerage firm's high-profile bankruptcy, ruling that the case was contractually bound to the islands.