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Jefferies LLC v. WTW Investment Company LTD et al

  1. January 27, 2020

    Jefferies Slips Biotech Investors' Negligence Claims

    Jefferies LLC permanently escaped a negligence suit brought by shareholders in a now-defunct biotechnology company after a Texas federal judge found Friday that as the placement agent for the stock they purchased, the investment bank did not owe the investors a duty of care.

  2. April 11, 2019

    Jefferies Urges Court To End Investors' Suit, Sanction Attys

    Jefferies LLC owed no legal duty to shareholders in a now-defunct biotechnology company it prepared stock offering materials for, and their attorneys should be punished for tacking a last-minute claim onto their negligence suit, the company told a Texas federal court Wednesday.

  3. February 06, 2019

    Jefferies Uses New York Law To Escape Texas Investors' Suit

    Financial services firm Jefferies LLC won its bid Tuesday to nix a $3 million suit brought by shareholders in a now-defunct biotechnology company that accused it of negligence in preparing misleading stock offering materials, with a Texas federal judge saying New York law not only applies to but undermines the claims.

  4. June 27, 2018

    Jefferies Seeks Toss Of Failed Biotech Co. Investors' Suit

    Investment banking company Jefferies LLC told a Texas federal court on Tuesday that shareholders in a since-failed biotech company are simply trying to "recoup their lost investments" by arguing they were misled by the company's Jefferies-prepared stock offering materials and asked that the claims be dismissed.

  5. August 01, 2017

    Jefferies Dodges Arbitration With Biotech Investors

    A Texas federal court on Monday said investors who bought stock in a since-failed biotech company could not force Jefferies LLC into arbitration, because the shareholders bought stock from other entities and were not Jefferies' customers.

  6. July 21, 2017

    Texas Judge Questions Arbitration For 'Indirect Customers'

    A Texas federal judge on Friday questioned whether he can decide if investors who bought shares in bankrupt biotech firm Palmaz Inc. should be considered "indirect customers" of investment firm Jefferies LLC before determining whether the matter should be arbitrated.

  7. April 25, 2017

    Biotech Investors Seek Ruling On Jefferies Arbitration Fight

    Shareholders who bought stock in a since-failed biotech company urged a Texas federal court Tuesday to reject Jefferies LLC's attempt to enjoin arbitration before the Financial Industry Regulatory Authority, saying the investment firm's requested preliminary injunction is identical to the end goal of its suit: to dodge arbitration.

  8. April 17, 2017

    Biotech Investors Fortify Jefferies Arbitration Battle

    Shareholders who bought stock in a since-failed biotech company are bringing counterclaims against Jefferies LLC if they cannot arbitrate their dispute before the Financial Industry Regulatory Authority, telling a Texas federal court Friday that the investment banking firm failed to properly investigate the biotech securities before recommending them.

  9. April 04, 2017

    Investors Push For FINRA Arbitration In Battle With Jefferies

    Investors accusing Jefferies LLC of negligent advice over a failed biotech company are arguing in Texas federal court that the investment banking firm must arbitrate the $3.2 million case before the Financial Industry Regulatory Authority, claiming they are entitled to FINRA's jurisdiction as customers of the firm.

  10. March 14, 2017

    Jefferies Seeks End To FINRA Arbitration Over Biotech Stock

    Investment banking firm Jefferies LLC has asked a Texas federal judge to block three dozen investors in a failed biotech company from continuing a Financial Industry Regulatory Authority arbitration against it over $3.2 million in losses suffered from the company's bankruptcy, saying it didn't have a customer relationship with them.

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