Western Alliance (WAL) says in 8K it has been informed by Jefferies that USD 126.4mln owed under forbearance won't be paid as agreed; firm files complaint vs Jefferies and Leucadia Asset management alleging breach of contract, fraud

The complaint is related to commercial loan collateralized by accounts receivable purchased from first brands.  Wester Alliance WAL says financial impact substantially mitigated through realization of securities sale gains, expense reductions;