(Reuters) - NEW YORK, July 11 - The court-appointed examiner
reviewing Refco Inc.'s 2005 bankruptcy said on Wednesday that
two law firms and two accounting firms could be sued for what
he called their roles in the collapse of the futures and
commodities broker.
Joshua Hochberg, the examiner, found grounds to support
lawsuits accusing Grant Thornton LLP, Ernst & Young LLP and the
law firm Mayer, Brown, Rowe & Maw LLP of professional
negligence. He also found grounds for lawsuits against Mayer
Brown and Ernst for helping Refco commit fraud, though it was a
"close question" as to Ernst.
Read more at Reuters.com Bonds News
reviewing Refco Inc.'s 2005 bankruptcy said on Wednesday that
two law firms and two accounting firms could be sued for what
he called their roles in the collapse of the futures and
commodities broker.
Joshua Hochberg, the examiner, found grounds to support
lawsuits accusing Grant Thornton LLP, Ernst & Young LLP and the
law firm Mayer, Brown, Rowe & Maw LLP of professional
negligence. He also found grounds for lawsuits against Mayer
Brown and Ernst for helping Refco commit fraud, though it was a
"close question" as to Ernst.
Read more at Reuters.com Bonds News
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