Indicted Ex-Fund Manager Can Sue Jefferies for Costs, Court Says

An ex-Jefferies Financial Group hedge fund manager charged with defrauding the firm can pursue a lawsuit to recover his legal defense costs, according to a New York appellate court ruling. The court determined that the manager had grounds to proceed with the claim against Jefferies. No further details on the manager's identity, the amount sought, or the court's specific reasoning were provided.

• Bloomberg — Indicted Ex-Fund Manager Can Sue Jefferies for Costs, Court Says

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