Mayer Brown indictment is an isolated incident

Author: Lynann Butkiewicz | Published: 20 Dec 2007

US lawyers aren't worried about the indictment of Mayer Brown partner Joseph Collins over Refco. Most in the market seem to be assuming that this was an isolated case of active fraud.

Derivatives head Collins was charged this week with securities fraud and conspiracy over allegations that he helped hide losses from investors in commodities broker Refco.

There were fears that the case might increase scrutiny of disclosure. But until the case...