As the actions of former Refco CEO Phillip Bennett broke a few weeks ago, almost immediately a New Jersey-based hedge fund, Liberty Corner Capital Strategies became implicated because of the firm's role knowingly or unknowingly helping Bennett obscure almost half a billion in bad debts.

For the Record, Liberty wants the investing public to know that they are not a target in the Refco probe. That hasn't stopped them from being sued by Refco shareholders, however, who are understandably unwilling to take anybody's word about anything at this point. Meanwhile, because the scales of life and litigation must balance, Liberty has announced it's intent to sue Refco.

Fearful symmetry.

-- MDT

Labels: Phillip Bennett, Refco