Jefferies-linked Fund Obtains Freezing Order Against Trader Radiant World
A fund linked to U.S. bank Jefferies (JEF:NYSE), known as LAM Trade Finance Group II, obtained a freezing order from a London court against iron ore trader Radiant World and its founder. The move is part of legal action taken by the fund, in which Jefferies holds a minority stake. The freezing order prevents assets belonging to Radiant World or its founder from being moved or disposed of until further notice. This development could have implications for both parties involved as it signals ongoing financial and legal tensions between them.
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