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Thursday, May 23, 2024 | Back issues
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Sphinx Says Refco Fraud Cost It $263 Million

MANHATTAN (CN) - The Sphinx family of hedge funds demands $263 million in damages, in spinoff litigation from the Refco debacle. Sphinx claims in New York County Court that frauds orchestrated by Refco CEO Phillip Bennett caused the collapse of Sphinx Funds and PlusFunds.

Here are the plaintiffs: Kenneth Krys; Christopher Stride as joint official liquidators of Sphinx Ltd.; Sphinx Strategy Ltd.; Sphinx Strategy Fund Ltd.; Sphinx Plus Spc Ltd.; Sphinx Merger Arbitrage Ltd.; Sphinx Special Situations Ltd.; Sphinx Macro Ltd.; Sphinx Long/Short Equity Ltd.; Sphinx Managed Futures Ltd.; Sphinx Equity Market Neutral Ltd.; Sphinx Convertible Arbitrage Ltd.; Sphinx Fixed Income Arbitrage Ltd.; Sphinx Distressed Fund SPC; Sphinx Merger Arbitrage Fund SPC; Sphinx Special Situations Fund SPC; Sphinx Macro Fund SPC; Sphinx Long/Short Equity Fund SPC; Sphinx Managed Futures Fund SPC; Sphinx Equity Market Neutral Fund SPC; Sphinx Convertible Arbitrage Fund SPC; Sphinx Fixed Income Arbitrage Fund SPC; PlusFunds Managed Access Fund SPC Ltd.; Kenneth Krys and Christopher Stride as assignees of claims assigned by Miami Children's Hospital Foundation; OFI; Green & Smith Investment Management LLC; Thales Fund Management LLC; Kellner Dileo & Co. LLC; Martingale Asset Management LP et al.

Here are the defendants: Christopher Sugrue; Mark Kavanagh; Brian Owens; PriceWaterhouseCoopers LLP; Mari Ferris; PriceWaterhouseCoopers Cayman Islands; Gibson Dunn & Crutcher LLP; Refco Alternative Investments LLC; Grant Thornton LLP; Mark Ramler; Ernst & Young US LLP: Mayer Brown LLP fka Mayer Brown Rowe & Maw LLP; Joseph Collins; Edward Best; Paul Koury; Phillip Bennett; Robert Trosten; Tone Grant; Santo Maggio; Thomas Hackl; Dennis Klejna; Bawag PSK Bank Fur Arbeit Und Wirtschaft Uns Osterreichische Postparkasse Aktiengesellsehaft; JP Morgan Chase & Co.; Credit Suisse Securities (USA) LLC fka Credit Suisse First Boston LLC; Banc of America Securities LLC; Thomas H Lee Partners LP; Thomas H Lee Advisors LLC; The Managers V LLC; The Equity Advisors V LP; Thomas H Lee Equity Fund V LP; Thomas H Lee Equity (Cayman) Fund V LP; Thomas H Lee Investors Limited Partnership; 1997 Thomas H Lee Nominee Trust; Thomas H Lee; David Harkins; Scott Jaeckel; Scott Schoen; William Pigott, et al.

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