SDNY Authorizes the Closing of Remaining Refco Capital Markets Chapter 11 Cases
The Plan Administrator for Refco, Inc. ("Refco"), the Plan Administrator for Refco Capital Markets, Ltd ("RCM") and the Litigation Trustee, appointed pursuant to the Modified Joint Chapter 11 Plan of Refco, Inc. and Certain of Its Direct and Indirect Subsidiaries [Doc. No. 3948], confirmed on December 15, 2006 (the "Plan"), today announced that the US Bankruptcy Court for the Southern District of New York has approved an Order authorizing the closing of the remaining Chapter 11 cases of the Refco Debtors. Final distributions will be made by the Refco Plan Administrator to former RCM creditors and the final wind-down of the Refco Debtors will be completed in the next few months.
Professionals from BRG served as the Refco Plan Administrator, managed Refco Debtors, and advised the RCM Chapter 11 Trustee, the RCM Plan Administrator, and the Trustee to the Litigation and Private Action Trusts.