Refco FX sale to Gain Capital: hearing delayed
NEWS
The adjournment follows an objection from an ad hoc committee of RFXA customers to Gain's offer to purchase accounts. The committee claims Refco's offer fails to meet 'even the minimum standards required for sale approval under the bankruptcy laws'.
A Gain spokesperson said: "If approved by the court, the agreement will remain contingent upon Gain receiving, in a timely manner, accurate customer account information from Forex Capital Markets, which currently holds all the RFXA customer data."
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