U.S. MarketsMarch 9 at 06:50 AM

Jefferies (JEF) rejects Western Alliance (WAL) lawsuit, said Western Alliance’s claims over First Brands receivable loans are false and misleading

News detail

Said the loans were non-recourse to SPVs, with no Jefferies guarantee. Jefferies called the lawsuit meritless Separately, its MFS exposure is USD 103mln, with an expected net hit below USD 20mln.

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