RFX Refco Inc.

Shalov Stone & Bonner LLP recently commenced a securities class action on behalf of purchasers of the securities of Refco, Inc. (NYSE: RFX), in the period between August 10, 2005, and October 7, 2005. The complaint names as a defendant, among others, Grant Thornton LLP ("GT"). Grant Thornton was at all relevant times Refco's principal outside accounting firm and auditor. The complaint alleges that GT certified as fair and accurate the false financial statements of Refco that were included in the company's Registration Statement and Prospectus. According to the complaint, the financial statements violated Generally Accepted Accounting Principles and GT's certifications falsely stated that it had performed its audits in conformity with Generally Accepted Auditing Standards. The complaint further alleges, among other things, that--just two months after its initial public offering--Refco announced that Bennett was being placed on a leave of absence and that the company had discovered (ostensibly through an internal review) a receivable of $430 million owed by Bennett to the company. The company also revealed that, based on the undisclosed related party transaction, its prior financial statements should not be relied upon. Plaintiffs are represented by the law firm of Shalov Stone & Bonner LLP, which has extensive experience in the prosecution of class actions on behalf of investors. For more information about the firm and the Refco litigation, please visit Shalov Stone & Bonner LLP's new website dedicated exclusively to the Refco class action: www.refcoclassaction.com If you would like additional information, please contact Thomas G. Ciarlone, Jr., at Shalov Stone & Bonner LLP, 485 Seventh Avenue, Suite 1000, New York, New York 10018 (telephone: (212) 239-4340; e-mail: tciarlone@lawssb.com).