In a case that has spawned numerous suits and criminal charges, McKenna Long & Aldridge partner Charles E. Campbell played a key role drafting a report that indicated some players in the Refco Inc. scandal could be vulnerable to civil litigation.
Refco is the futures trading firm and commodities broker that collapsed in October 2005, only two months after holding an initial public offering, when an improper loan scheme was revealed. Refco’s former Chief Executive Phillip R. Bennett used the loans to hide about $430 million in company debt. That resulted in the company filing for bankruptcy, and criminal charges being filed against Bennett and two other Refco executives.
