US Court rules that Mayer Brown cannot be sued for Refco

The United States District Court for the Southern District of New York recently held that Mayer Brown is not subject to suit for its representation of Refco in an initial public offering almost four years ago. The court determined that no private right of action exists under US securities laws for an aider and abettor of securities fraud.

US Court rules that Mayer Brown cannot be sued for Refco abajournal.com abajournal.com Thu, Mar 19, 2009