As noted in this post , last week I started posting on Twitter.

Whatever you may think about the fact that Refco’s outside corporate counsel was convicted by a jury on 5 criminal counts, one has to wonder how the system got so turned upside down on the civil side that while the law firm’s lead lawyer is torched in criminal court, his firm is summarilyi dismissed from a civil case for precisely the same conduct on a simple motion to dismiss (based on a theory that the Refco trustee lacked standing to bring suit to recover for damages arising from a fraudulent scheme devised and carried out by Refco’s own senior management ).