Thursday, October 20, 2005

Leading law firm involved in Refco case


Mayer, Brown, Rowe & Maw - one of the world's top law firms - worked on the loans that were used by Phillip Bennett, the former chief executive of Refco, to disguise his debt of $430m to the brokerage group.

The firm drew up documentation for the loans made to and from Liberty Corner Capital Strategies, a New Jersey-based hedge fund, that were allegedly used by Mr Bennett to hide the true nature of the debt to the group, which collapsed into bankruptcy on Monday.

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