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Jim Rogers' Funds Sue Refco

Stock quotes in this article: RFXCQ.PK , RFX  

Investing guru Jim Rogers' main commodity funds are charging Refco(RFXCQ Quote) with "wrongfully and fraudulently'' handling $362 million of their assets.

In a lawsuit filed late Monday, the management company for Rogers' commodity-tracking index funds claims that Refco, which filed for Chapter 11 bankruptcy protection last week, deliberately failed to follow its instructions.

The lawsuit, filed in conjunction with the bankruptcy proceeding, seeks the immediate return of the $362 million held by the Rogers Raw Materials Fund and the Rogers International Raw Materials Fund. The funds claims the assets should never have been included in the Refco bankruptcy filing. ...

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