Jefferies Investor Class Action Over Water Station Management Bonds
Jefferies Financial Group · Water Station Management bonds purchased through the 352 Capital fund · Ongoing Litigation
About this case
Investors in Leucadia Asset Management’s 352 Capital fund allege that Jefferies, Leucadia, and other defendants approved or facilitated purchases of Water Station Management bonds despite allegedly knowing that the underlying water-vending-machine collateral was missing or nonexistent and that a portfolio manager had a personal investment in the business. The class action was filed in New York state court and is ongoing; the investors seek unspecified damages.
Case overview
- Defendant company
- Jefferies Financial Group
- Product or service
- Water Station Management bonds purchased through the 352 Capital fund
- Case status
- Ongoing Litigation
- Lawsuit type
- Securities
- Reported harm
- Misrepresentation
Participation information
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Sources
Public reporting associated with this case.
- Jefferies Investor Class Action Over Water Station Management Bonds
news.bloomberglaw.com ·
- 352 Fund Investors’ Class Action Over Water Station Bonds
Bloomberg Business ·