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Leucadia National Corp

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  • March 12- Jefferies LLC will pay $25 million to resolve U.S. criminal and civil investigations into its mortgage bond trading, after one of its former traders was convicted for defrauding clients, and authorities said they are investigating whether other individuals broke the law.

  • NEW HAVEN, Conn., March 7- A federal jury on Friday found former Jefferies Group Inc trader Jesse Litvak guilty of defrauding clients on mortgage bond trades made after the financial crisis. "Today's verdict shows plainly and powerfully that Wall Street professionals are not above the law," U.S. Attorney Deirdre Daly in Connecticut said in a statement.

  • NEW HAVEN, Conn., March 7- A federal jury found former Jefferies Group Inc trader Jesse Litvak guilty of defrauding clients on mortgage bond trades, a victory for the government as it probes whether banks cheated their customers in the years after the financial crisis.

  • NEW HAVEN, Conn., March 4- Lawyers for Jesse Litvak wrapped up their defense of the former Jefferies Group Inc trader on federal fraud charges without his taking the stand, putting the case on track to go to the jury by late Wednesday.

  • March 4- Investment bank Jefferies Group LLC, owned by Leucadia National Corp, reported a 23 percent jump in first-quarter profit as investment banking revenue grew. The bank said its holdings in Knight Capital and Harbinger Group Inc, were marked down by $15 million.

  • March 4- Investment bank Jefferies Group LLC, owned by Leucadia National Corp, reported a 23 percent jump in first-quarter profit as investment banking revenue grew. The bank said its holdings in Knight Capital and Harbinger Group Inc, were marked down by $15 million.

  • *Jesse Litvak accused of securities fraud, TARP fraud. NEW HAVEN, Conn., Feb 27- Lawyers defending Jesse Litvak at the former Jefferies Group Inc trader's federal fraud trial on Thursday accused the firm of firing him and then helping prosecutors out of concern that it might otherwise lose a major client.

  • NEW HAVEN, Conn., Feb 27- Lawyers defending Jesse Litvak at the former Jeffries Group Inc trader's federal fraud trial on Thursday accused the firm of firing him and then helping prosecutors out of concern that it might otherwise lose a major client.

  • NEW HAVEN, Conn., Feb 25- Jesse Litvak, a former trader at Jefferies Group Inc, made extra commissions and profits by defrauding big Wall Street firms such as JPMorgan Chase& Co and AllianceBernstein Holding LP on bond trades, a U.S. Treasury Department agent testified at Litvak's fraud trial.

  • NEW HAVEN, Conn., Feb 25- Jesse Litvak, a former trader at Jefferies Group Inc, made extra commissions and profits by defrauding big Wall Street firms such as JPMorgan Chase& Co and AllianceBernstein Holding LP on bond trades, a U.S. Treasury Department agent said at Litvak's fraud trial.

  • NEW HAVEN, Conn., Feb 19- A senior AllianceBernstein Holding LP executive testified on Wednesday that former Jefferies Group Inc banker Jesse Litvak misled him into overpaying for bonds, prompting him to press for an investigation.

  • NEW HAVEN, Conn., Feb. 18- A former Jefferies Group Inc investment banker "cheated, misled and defrauded" clients to boost profit in a $2 million scheme that took advantage of a federal program created in response to the 2008 financial crisis, federal prosecutors told jurors on Tuesday at the start of his criminal fraud trial.

  • NEW HAVEN, Conn., Feb. 18- Former Wall Street investment banker Jesse Litvak "cheated, misled and defrauded" clients and lied to the government in a $2 million trading scheme after the 2008 financial crisis, federal prosecutors told jurors on Tuesday at the start of his criminal fraud trial.

  • Attorney in Connecticut and a civil settlement with the U.S. Securities and Exchange Commission, subject to that agency's approval. Attorney's office, a $4 million fine to the SEC, and $11 million to counterparties harmed by suspect trades.

  • NEW HAVEN, Conn., Jan 10- A former Jefferies Group Inc managing director accused of cheating clients and the government on mortgage securities after the 2008 financial crisis failed to persuade a federal judge to keep jurors from being told that "taxpayers" were victims of his alleged fraud.

  • Dec 17- Investment bank Jefferies Group LLC, now part of Leucadia National Corp, reported a 68 percent jump in quarterly profit as investment banking revenue almost doubled. Jefferies, which kicks off the reporting season for investment banks, is often viewed as an indicator of performance at Wall Street banks such as Goldman Sachs Group Inc and Morgan Stanley.

  • Lightning Round: Jos A. Bank, Duke Energy & More Wednesday, 30 Jan 2013 | 6:40 PM ET

    It’s time for the Lightning Round. Cramer makes the call on viewer favorites.

  • Next Berkshire Hathaway Quest Not an Impossible Dream Tuesday, 18 Dec 2012 | 12:21 PM ET

    The quest for the next Berkshire Hathaway — no matter how hopeless, no matter how far — continues. TheStreet.com reports.

  • Jefferies Sees Higher Fourth-Quarter Earnings Tuesday, 18 Dec 2012 | 8:31 AM ET
    Jefferies Group

    Jefferies Group said fourth quarter earnings rose on strong performance in its fixed income unit.

  • Leucadia's Upside-Down Acquisition of Jefferies Monday, 12 Nov 2012 | 5:33 PM ET

    The deal only makes sense if you think of it the other way—Jefferies taking over Leucadia. Which, actually, is what’s happening, even if technically the deal is structured the other way.

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