Refco isn't make a lot of big news daily, but things are still percolating to the surface in the bankruptcy proceedings. U.S. Bankruptcy Judge Robert Drain of New York has named PIMCO and RH Capital Associates as lead plaintiffs in a class action against Refco's underwriters and directors, and the law firms of Bernstein Litowitz Berger & Grossmann and Grant & Eisendorfer have been named lead counsel in the litigation. According to Investors Offshore, an auction for certain Refco FX Associates assets will be held Feb. 16, with the winner receiving intact all the firm's customer positions and orders trade on the FX Trading platform. Meanwhile, the estimated 15,000 customers will be able to conduct trading business as usual.