Refco Law Firm Facing Potential Class Action For Role Fraudulent Transactions

Make that alleged role. But the plaintiffs, they are a'comin for Mayer, Brown, Rowe & Maw. While the Chicago firm hasn't been named as a defendent just yet, it has been acknowledged as a negotiator of some of the aledgedly fraudulent transactions that preceded Refco's implosion. While the lawyers representing, notably Sean Coffey of plaintiff powerhouse firm, Bernstein, Litowitz Berger, haven't commented yet on Mayer Brown's culpability the law firm's records are being poured over by the SEC and through suit or settlement, odds are that Mayer Brown will be paying for their involvement with Refco in more ways that one.

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-- MDT