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Stock impact report

Short Seller's Winning Bet Means Permanent Payments to Jefferies [Yahoo! Finance]

Jefferies Financial Group Inc. (JEF) 
Last jefferies financial group inc. earnings: 10/25 04:42 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Most Read from Bloomberg Biden Gains Ground Against Trump in Six Key States, Poll Shows Japan Amps Up Intervention Threat as Yen Hits Lowest Since 1990 Trump's Net Worth Hits $6.5 Billion, Making Him One of World's 500 Richest People Trump Vows to Pay Fraud Trial Bond Cut by 68% to $175 Million Using Your Premium Credit Card May Cost More After Visa-Mastercard Deal IsZo Capital can't close out its short position in Gordmans, a Nebraska-based retailer that filed for bankruptcy in 2017, because Jefferies won't let it, the hedge fund said in a lawsuit filed late Tuesday in New York state court. For years Jefferies “has collected fees for an outstanding loan of shares of stock that have been canceled and thereby rendered forever valueless,” IsZo said in its complaint. “Even assuming its motives are benign — a questionable assumption — defendant's continued refusal of plaintiff's requests to close the short sale is unjustifiable and inconsistent with the principles of equity Show less Read more
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