Times Colonist – New York-based investment bank Jefferies Group Inc. lashed out at “malicious lies” spread by unnamed hedge funds Monday, blaming them for a plunge in its stock that has sent shares to three-year lows.
In a letter addressed to shareholders, Jefferies CEO Rich Handler lists seven “falsehoods” he says are being spread in the market to weigh down Jefferies’ stock. The letter follows a previous one released earlier in the month which outlined the bank’s asset exposure to the euro-zone periphery.
