Radiant Says Glencore Helped With Jefferies Probe Over $2 Billion Lawsuit
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Glencore Plc spent months helping Radiant World to prepare a proposed settlement with Jefferies Financial Group Inc. after the US bank first raised questions about transactions it was financing, according to Radiant World’s $2 billion lawsuit against the mining company.
The lawsuit highlights the involvement of Glencore in assisting Radiant during the scrutiny of its trades by Jefferies, indicating a collaborative effort to address the financial concerns raised by the bank.
GlencoreRadiant WorldJefferies Financial Group
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“Glencore Plc spent months helping Radiant World to prepare a proposed settlement with Jefferies Financial Group Inc. after the US bank first raised questions about transactions it was financing, according to Radiant World’s $2 billion lawsuit against the mining company.”
Bloomberg — Radiant Says Glencore Helped When Jefferies Probed Its Trades