Gibson Dunn & Crutcher is the latest law firm to be named in a suit stemming from the breakdown of commodities firm Refco, writes The American Lawyer.

The action, filed by liquidators and the trustee for Sphinx Funds, a family of funds that collapsed after doing business with Refco, was filed on 8 March in New York trial court. A notice of removal to federal district court in Manhattan was filed by one of the defendants on 28 March.