Jefferies Group LLC, the investment bank owned by Leucadia National Corp., said net trading revenue dropped in the fiscal second quarter as institutional investors continued to shy away from stocks and bonds.
Jefferies Group Inc. dropped as much as 11 percent in New York trading after Chief Executive Officer Richard Handler sold a $25.2 million stake in the firm to Leucadia National Corp., its largest stockholder.
Jefferies Group Inc., the investment bank that agreed to sell itself to Leucadia National Corp., paid Chief Executive Officer Richard Handler $19 million for fiscal 2012 and approved $39 million in restricted stock awards for the next three years.
Jefferies Group LLC Chief Executive Officer Richard Handler sued to stop construction of a roof deck across the street from his Tribeca penthouse apartment, saying it’s illegal and would spoil his view.
Leucadia National Corp., run by Jefferies Group LLC Chief Executive Officer Richard Handler, reaped a 50 percent gain in less than six months on its purchase of shares in Philip Falcone’s Harbinger Group Inc.