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Court-Appointed Examiner Blows The Whistle on Mayer Brown In Refco Case

Mayer Brown Rowe Maw equity partners fired Above the Law blog.jpgThis can’t help the whole equity partner situation at Mayer Brown.

A court-appointed examiner in the Refco bankruptcy case has there are grounds to sue Mayer Brown for malpractice in the case. Ernst & Young and Weil might be on the hook too, but these are “close calls” according to the examiner (with the obvious implication that with Mayer Brown it is not a close call). This from a Reuters article on the report from the examiner, Joshua Hochberg:

Hochberg filed his report with the U.S. bankruptcy court in Manhattan. His recommendations could provide grounds for lawsuits by Refco creditors, many of whom received only a fraction of the amounts they claimed they were owed.

Hochberg is a partner at McKenna Long & Aldridge LLP in Washington, D.C. specializing in white-collar crime. He used to head the fraud unit of the U.S. Department of Justice.

Mayer Brown has not commented.

Earlier:
Mayer Brown Rowe & Maw-ling: Getting Too Far in Front of the Story?
Mayer Brown Rowe & Maw-ling: A Bit of Backstory

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