{"id":3923,"date":"2006-02-01T00:00:00","date_gmt":"2006-02-01T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"refco-judge-says-man-can-receive-cargill-contract","status":"publish","type":"post","link":"https:\/\/www.hedgeco.net\/news\/02\/2006\/refco-judge-says-man-can-receive-cargill-contract.html","title":{"rendered":"Refco judge says Man can receive Cargill contract"},"content":{"rendered":"<p><strong>reuters.uk &#8211;<\/strong> A U.S. bankruptcy judge ruled on Tuesday that an agreement for Cargill to use a unit of bankrupt Refco as its sole commodities broker could be assigned to the new ownerof the Refco unit, Man Financial.<\/p>\n<p>  U.S. Bankruptcy Judge Robert Drain denied Cargill&#8217;s objection to an attempt to transfer the contracts and ruled that that exclusivity could be assigned to Man Financial, the brokerage unit of hedge  fund company Man Group.<\/p>\n<p>  &#8220;We are disappointed in the ruling, and we are reviewing our options,&#8221; Cargill spokeswoman Lori Johnson said.<\/p>\n<p>  Separately, Judge Drain ruled that ACM Advanced Currency Markets could not take further steps to dilute Refco&#8217;s ownership stake until the court says otherwise.<\/p>\n<p><a href=\"http:\/\/today.reuters.co.uk\/Funds\/FundsArticle.aspx?type=fundsNews&amp;storyID=2006-02-01T072626Z_01_NOA126685_RTRUKOC_0_FUNDS-REFCO-MAN.xml\">Read Complete Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>reuters.uk &#8211; A U.S. bankruptcy judge ruled on Tuesday that an agreement for Cargill to use a unit of bankrupt Refco as its sole commodities broker could be assigned to the new ownerof the Refco unit, Man Financial. U.S. Bankruptcy [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-3923","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/3923","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=3923"}],"version-history":[{"count":0,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/3923\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=3923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=3923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=3923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}