Faruqi & Faruqi, LLP’s national practice focuses on complex civil litigation. The firm practices in the areas of Securities, Merger & Transactional, Shareholder Derivative, Antitrust, Consumer Class Action, and Wage & Hour litigation.
Friday, February 6, 2015
Faruqi & Faruqi, LLP Announces Settlement In re: Jefferies Group, Inc. Shareholders Litigation ($70M. Settlement)
FEBRUARY 06, 2015
In In Re Jefferies Group, Inc. Shareholders Litigation, C.A. No. 8059-CB (Del. Ch.), Jefferies Group, Inc. (“Jefferies” or the “Company”) and Leucadia jointly announced that they had entered into an agreement, dated November 11, 2012, under which Leucadia would acquire the remainder of Jefferies common stock that it did not already own in exchange for providing Jefferies stockholders with 0.81 Leucadia shares for each of their Jefferies shares. The Faruqi Firm is co-lead counsel and has reached an agreement-in-principle to settle the action for $70 million.
Please find attached the:
- Jefferies Summary Notice of Pendency & Proposed Settlement of Class Action