(Reuters) - The chief litigant is the SPhinX Funds, a group of
Cayman-registered hedge funds which were valued at $2 billion
when Refco's failure pushed them into bankruptcy.
The settlement deal has already been approved by a U.S.
bankruptcy court, but the $263 million remains frozen while
SPhinX liquidators appeal the agreement by SPhinX's former
directors and lawyers, claiming it was never legal.
Read more at Reuters.com Mergers News
Cayman-registered hedge funds which were valued at $2 billion
when Refco's failure pushed them into bankruptcy.
The settlement deal has already been approved by a U.S.
bankruptcy court, but the $263 million remains frozen while
SPhinX liquidators appeal the agreement by SPhinX's former
directors and lawyers, claiming it was never legal.
Read more at Reuters.com Mergers News
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