Hedge fund creditors of Refco Capital Markets, Refco's
unregulated offshore futures exchange brokerage, could begin
receiving payouts as early as January 2007.
But then again, they might not - at least if Refco
stockholders, led by another group of hedge funds, have
anything to do with it.
RCM creditors could expect payouts to begin in January based
on the plan support agreement filed in mid-September with the
U.S. Bankruptcy Court for the Southern District. That