Buyout Firm Hits Mayer Brown With $245 Million Refco Suit

The private equity firm that owned a controlling interest in failed commodities brokerage Refco Inc. has filed a $245 million lawsuit against Mayer, Brown, Rowe & Maw, accusing the law firm of helping to conceal the sham transactions that led to Refco's collapse. Boston-based buyout firm Thomas H. Lee Partners filed a complaint against Mayer Brown on Thursday in federal court in Manhattan, alleging that Mayer Brown handled 17 fraudulent transactions at the behest of Refco's executives between 2000 and 2005.

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