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This website provides information and updates relating to In re Refco, Inc. Securities Litigation, a consolidated class action pending in the Southern District of New York before District Court Judge Gerard Lynch.

This securities fraud class action on behalf of persons and entities who purchased or acquired the securities of Refco, Inc. (“Refco” or the “Company”) during the period from August 5, 2004 through October 17, 2005. The lawsuit arises from the collapse of Refco, a once prominent brokerage, following the revelation that the Company had for years secreted hundreds of millions of dollars of uncollectible receivables with a related entity controlled by Phillip Bennett, the Company’s Chairman and Chief Executive Officer. This revelation caused the stunning collapse of the Company a mere two months after its August 10, 2005 initial public offering of common stock, and only fourteen months after its issuance of 9% Senior Subordinated Notes due 2012. Refco has filed the fourth largest bankruptcy in U.S. history as a result.

On February 3, 2006, the Honorable Gerard Lynch appointed RH Capital Associates LLC ("RH Capital") and Pacific Investment Management Company LLC ("PIMCO") as Co-Lead Plaintiffs and Bernstein Litowitz Berger & Grossmann LLP and Grant & Eisenhofer, P.A. as Co-Lead Counsel for the Class in this securities fraud class action.  Click here to view the Court's Order.