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

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.