Phillip Bennett

Allied World seeks return of legal defense payments from former Refco officers

August 2, 2010

Allied World Assurance has filed an action against two former officers of fraudulently operated Refco Capital Markets and one of Refco's insurers, XL Capital, in an attempt to recover more than $1 million in claims paid towards the legal defense

Arch Insurance joins attempt to avoid paying out under Refco D&O policy

July 9, 2008

A US subsidiary of Bermuda-based Arch Capital Group Ltd. has become the latest insurer to seek to avoid having to pay out on an officers and directors liability policy regarding former officers of failed New York-based financial services group Refco.

XL seeks to avoid paying out under Refco D&O policy

May 9, 2008

A U. S. subsidiary of Bermuda-based XL Capital Ltd. is seeking to avoid having to pay the costs of defending former officers and directors of scandal-plagued commodities and futures broker Refco Inc. in a slew of litigation brought by parties who claim they were defrauded. XL Specialty Insurance Company, which is incorporated in Delaware and based in Hartford, Connecticut, claims an insurance policy it issued does not cover such losses because Refco was involved in fraudulent conduct before the policy became effective but hid the activity from XL.

Cayman fund liquidators sue PwC et al for $263 m over Refco scandal

May 7, 2008

The Cayman liquidators of an offshore hedge fund group that collapsed as a result of a scandal at commodities and futures broker Refco are seeking more than $263 million in damages, fees and costs against multiple defendants, including the funds' auditor PricewaterhouseCoopers (Cayman). Kenneth Krys and Christopher Stride filed a complaint at the Supreme Court of the State of New York, County of New York on March 5, 2008, which was transferred by the defendants to the U. S. District Court for the Southern District of New York on March 26, 2008.

Marc S. Kirchner v. Thomas Hackl et al: Complaint

October 15, 2007

Complaint filed by Marc S. Kirchner, as Trustee of the Refco Litigation Trust against Thomas Hackl, Clarnet Properties, SA, Acies Asset Management, SA, and WPM SA at the U. S. District Court for the Southern District of New York.

USA v. Phillip Bennett et al: Criminal Indictment

January 16, 2007

Indictment in USA v. Phillip Bennett, Robert Trosten, and Tone Grant at the U. S. District Court for the Southern District of New York.

USA v. Phillip Bennett and Robert Trosten: Criminal Indictment

October 24, 2006

Indictment in USA v. Phillip Bennett and Robert Trosten at the U. S. District Court for the Southern District of New York.