Jefferies-linked fund set to sue Radiant World in London
LAM Trade Finance Group II, where U.S. bank Jefferies holds a minority stake, is set to sue iron ore trader Radiant World in London, per court records.
LAM Trade Finance Group II, in which U.S. bank Jefferies NYSE:JEF holds a minority stake, is set to sue iron ore trader Radiant World in London, according to court records. Radiant World has come under pressure in recent weeks on concerns that invoices supplied to its banks may have been altered.