Thomas H. Lee Equity Fund V LP asked a New York federal court Wednesday to throw out an expert report submitted by Grant Thornton LLP just weeks before multidistrict litigation is slated to begin over the fraud that doomed Refco Inc.
Grant Thornton submitted a report Aug. 8 by its new expert, Peter S. Kaufman, which claims that Refco’s board — which was dominated by THL members — could have taken several steps that might have prevented the disastrous run on the bank that THL has claimed was inevitable after massive fraud was exposed at Refco.