Fordham Law

Professor Daniel Capra Appointed Special Master in Refco Securities Multibillion Dollar Fraud Case

November 04, 2009

Fordham Law Professor Daniel J. Capra has been appointed Special Master in the multidistrict litigation involving claims arising from the practices of Refco, the large commodities brokerage firm that declared bankruptcy in 2005 after disclosing that its chief executive, Phillip R. Bennett, had committed fraud. The announcement of Capra's appointment was made by the presiding judge, Hon. Jed S. Rakoff of the U.S. District Court for the Southern District of New York.

"I am honored that Judge Rakoff has chosen me as Special Master for such a prominent and challenging case," Capra said.

Capra was recommended for the case by several of the parties involved and will be responsible for handling and issuing reports and recommendations on all substantive motions. He will be joined by a second Special Master, Hon. Ronald Hedges, who will oversee case management matters.

Capra holds the Philip D. Reed Chair at Fordham Law School. He served as principal author of Federal Rule 502 and currently is reporter to the Judicial Conference Advisory Committee on the Federal Rules of Evidence. He is also an expert on criminal procedure and has authored many books and articles on the subject.

Contact: Stephen Eichinger