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First Brands filed for bankruptcy amid accounting issues; Jefferies had $715M exposure, causing its shares to fall 7.9% to $54.44.
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Allegedly, Jefferies misled investors about its exposure to bankrupt First Brands and risky factoring deals, causing its stock to fall nearly 8%.
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Jefferies allegedly disclosed $715 million exposure to bankrupt First Brands amid accounting issues, causing its stock to drop 7.9% on October 8, 2025.
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Jefferies’ stock fell 8% after revealing $715M exposure to bankrupt First Brands, which faced probes over off-balance-sheet debt and double factoring.
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WILMINGTON, Del., April 15, 2019 (GLOBE NEWSWIRE) -- Rigrodsky & Long, P.A.: Do you own shares of HomeFed Corporation (OTC QB: HOFD)? Did you purchase any of your shares prior to April 15,...