Reuters: Moscow-based hedge fund VR Group, named by Refco as a major creditor, said Friday that it would challenge the terms of the U.S. broker’s bankruptcy filing and that its operations were not under threat from the case.
VR-related entities were named in Refco’s Chapter 11 suit as creditors with exposure of $472 million, making VR the biggest creditor of Refco, which is the largest independent U.S. futures brokerage.
