Market Chatter: Jefferies Financial Faces $250 Million Defamation Suit Over Alleged Smear Campaign

MT Newswires Live

01-31

Jefferies Financial Group (JEF) is facing a defamation case for allegedly engaging in a smear campaign to force George Weiss to pay debt owned by his bankrupt firm, Bloomberg reported Thursday, citing court filing.

George Weiss is seeking $250 million in damages claiming Jefferies made false accusations against him regarding the use of client funds and a corporate jet, Bloomberg added.

"For several months beginning in early 2024, defendants have knowingly spread demonstrably false claims that Mr. Weiss is a financial criminal, flagrantly misappropriating client funds for personal use," according to the lawsuit, Bloomberg reported.

A Jefferies spokesman reportedly told Bloomberg that the claim is just another attempt by Weiss to get out of the obligation of personal guarantee he gave to Jefferies.

Jefferies did not immediately respond to MT Newswires' request for comment, while Weiss could not be reached.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 77.18, Change: +1.48, Percent Change: +1.96

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p><p>Price: 77.18, Change: +1.48, Percent Change: +1.96</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4127","symbol_name":"投資銀行業與經紀業","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2507084766","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2507084766","pubTimestamp":1738271015,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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