Jefferies sued by investors over losses tied to First Brands collapse

NEW YORK, Feb 25 (Reuters) - Jefferies Financial Group (JEF.N), opens new tab has been sued by investors who said the financial services firm defrauded them into investing in a fund linked to First Brands, the now- bankrupt auto parts supplier. According to a complaint made public on Wednesday in a New York state court in Manhattan, Jefferies and its Point Bonita Capital trade finance fund falsely claimed to have had "cash dominion" over receivables it bought from First Brands, while the parts supplier was ...