Krys v. Aaron

OPINION

SIMANDLE, Chief Judge:

I. INTRODUCTION

This lengthy multi-district securities litigation generally arises from the complex financial relationships between, and ultimate bankruptcy proceedings of, three entities (and the multitude of affiliates associated with each): PlusFunds Group, Inc. (hereinafter, “PlusFunds”), SPhinX Funds (hereinafter, “SPhinX”), and Refco, Inc. (hereinafter, “Refco”) — all entities no longer in operation in the aftermath of Refco’s dissolution. The parties presently seek a pretrial determination of whether the law of the Cayman Islands or of New Jersey/New York…