Lawsuit of the Day

Best Appeal Ever: Refco Investigation Returns

The 2005 collapse of Refco Inc. is best remembered around here for a former Mayer Brown partner being indicted along with the company. But the case has also lead to ongoing class action litigation. That is pretty much all you need to know to appreciate the appeal filed in the Southern District this August. The […]

By Elie Mystal on October 16, 2008 9:56 am

The 2005 collapse of Refco Inc. is best remembered around here for a former Mayer Brown partner being indicted along with the company. But the case has also lead to ongoing class action litigation.

That is pretty much all you need to know to appreciate the appeal filed in the Southern District this August.

The appellant claims to have secret audio tapes of Refco executives “calling gay 1-900 lines.” He claims to have surveillance videos of Refco CEO Phillip Bennett “cuming” out of a Super 8 Motel with Heidi Fleiss. And he claims to have “pictures of Mr. Bennett at Woodstock tripping on acid.”