Southern District of New York
G&E is currently representing plaintiffs in a suit alleging that Cantor Fitzgerald deprived Refco of assets due pursuant to an investment and partnership interest. Particularly, Refco claims that its $8 million investment in exchange for a 10% holding in a Cantor Fitzgerald subsidiary was not fairly compensated when Cantor shut down that subsidiary, acquiring its proprietary technology and intellectual property. Refco alleges that Cantor continued to develop the business without compensating the estate. In June 2014, the case survived the motion to dismiss, and is now proceeding toward trial. G&E also represents Refco Group’s bankruptcy estate and its administrator in matters related to the enforcement of the terms of a joint venture partnership agreement, and in January 2016 settled an adversary proceeding resulting in the re-auditing of the related party disclosures of Cantor Index Holdings, L.P.’s financial statements from 2008 to 2013.