Jefferies disputes Western Alliance claims over First Brands loan
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Jefferies Discloses Facts About Western Alliance and Western Alliance’s Loan Solely Against First Brands Receivables
March 9, 2026 6:45 AM EDTNEW YORK--(BUSINESS WIRE)-- Jefferies Financial Group Inc. (NYSE: JEF) (Jefferies) announced today that it has posted the attached letter from Jefferies CEO and President in response to the lawsuit and public statements by Western Alliance Bank (Western Alliance) concerning Western Alliances loans against receivables of First Brands. The letter makes clear that, among other things,
For over four years, Western Alliance made non-recourse loans in steadily increasing amounts to borrowers named LAM Trade Finance Group LLC and LAM TFG I SPV LLC, with no guarantee or credit support from... More