Grant Thornton facing claims in Refco case

It took just eight days for US futures company Refco to go from new kid on the block ' it only floated in August ' to the fourth largest bankruptcy in US history.

Now the media is predicting that its auditors, Grant Thornton, will face multi-million dollar claims from disgruntled investors.

The problem for Grant Thornton is the $430 million hole in the accounts it signed off before flotation.

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