Jefferies Discloses Facts About Western Alliance and Western Alliance's Loan Solely Against First Brands Receivables

NEW YORK--(BUSINESS WIRE)--Jefferies Financial Group Inc. (NYSE: JEF) (“Jefferies”) announced today that it has posted the attached letter from Jefferies' CEO and President in response to the lawsuit and public statements by Western Alliance Bank (“Western Alliance”) concerning Western Alliance's loans against receivables of First Brands. The letter makes clear that, among other things, For over four years, Western Alliance made non-recourse loans in steadily increasing amounts to borrowers nam.