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0 -7.73036487323696E-05 0 -0.000309214594929039 0.0001546072974643 -0.000463821892393338 -0.000309214594929039 -0.00170068027210883
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George Weiss Hedge Fund in Talks With Jefferies to Settle Suit [Yahoo! Finance Canada]

Jefferies Financial Group Inc. (JEF) 
Last jefferies financial group inc. earnings: 10/25 04:42 pm Check Earnings Report
Most Read from Bloomberg A Weiss lawyer said in a Wednesday bankruptcy court filing that the firm has engaged in settlement talks that could resolve a lawsuit accusing Jefferies and its affiliate Leucadia Asset Management of using the threat of litigation against its employees to unfairly extract $20 million from the hedge fund before it filed bankruptcy. The lawsuit is part of broader litigation between the firms. Jefferies has sought to claw back about $30 million in bonuses Weiss paid its employees before bankruptcy and sued George Weiss, claiming the hedge fund founder personally guaranteed more than $100 million in debt owed by his firm. George Weiss has denied that claim and alleged Jefferies threatened to ruin his reputation in the investing industry, an allegation Jefferies has denied. “A settlement offer has been discussed and is currently being considered by the parties,” Weiss lawyer John Jureller Jr. said in a letter to Judge Martin Glenn, who is overseeing the ba Show less Read more
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