Phil Bennett Named in Class Action - 4th largest bankruptcy

[that's great raplh]

Refco, Inc. Ex-CEO Bennett Named in Class Action Complaint

Nathanson v. Bennett, No. 05-CV-8926 (S.D.N.Y. filed Oct. 20,
2005) (Complaint)

An investor filed a securities class action complaint in the
District Court for the Southern District of New York against
former Refco, Inc. CEO Phillip R. Bennett and the company's
president Gerald M. Sherer, as well as Refco's accountant and
auditor Grant Thornton LLP. Refco is a diversified financial
services organization.
The complaint also names the lead underwriters of Refco's
initial public offering (IPO), Credit Suisse First Boston,
Goldman, Sachs & Co., Banc of America Securities, LLC., Deutsche
Bank Securities, Inc., J.P. Morgan Securities Inc. and Merrill
Lynch, Pierce, Fenner & Smith Inc. as defendants.
Other defendants include hedge fund manager Liberty Corner
Capital and Refco Group Holdings Inc., an entity under Bennett's
control.

[that's great raplh]

Refco Files 4th Largest Bankruptcy in U.S. History (Update2)

(Adds shares in third paragraph.)

Refco Files 4th-Largest Bankruptcy in U.S. History (Update10)

(Adds link to Refco's SEC filing in story illustration.)

By Thomas Becker and Andrew Dunn
Oct. 18 (Bloomberg) -- Refco Inc., the futures broker under
investigation for hiding a $430 million debt, filed for court
protection from creditors in the fourth-largest U.S. bankruptcy.
Shares of Refco plunged, wiping out about $924 million in
market value, after the company asked a U.S. bankruptcy court in
Manhattan for permission to reorganize its $48.6 billion in
liabilities. In the filing, New York-based Refco left out the
units it plans to sell to a buyout group led by J.C. Flowers & Co.
for $768 million.