Jefferies Fraud Suit Against Ex-Fund Manager Tossed by Judge
A Jefferies Financial Group Inc. hedge fund's lawsuit claiming it was defrauded by a former portfolio manager who invested $100 million of its money in a Ponzi-like scheme was dismissed by a federal judge.
The fund, 352 Capital, inappropriately sued Jordan Chirico under a federal racketeering statute that doesn't allow for the fraud claims it brought, US District Judge Valerie Caproni ruled Tuesday in Manhattan. She said that the remaining claims in the case by 352, which is part of Jefferies' Leucadia Asset Management arm, belonged in state court.
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News24
12 minutes ago
- News24
‘Act of terrorism': Man screams ‘Free Palestine' and firebombs crowd remembering Gaza hostages
A man attacked a crowd gathered to call for the release of hostages in Gaza. Six people were injured in the attack in Colorado. The attack was labelled antisemitic. Six people were injured on Sunday when a 45-year-old man yelled 'Free Palestine' and threw incendiary devices into a crowd in Boulder, Colorado where a demonstration to remember the Israeli hostages who remain in Gaza was taking place, authorities said. Six victims aged between 67 and 88 years old were transported to hospitals, the FBI special agent in charge of the Denver Field Office, Mark Michalek, said. At least one of them was in a critical condition, authorities said. 'As a result of these preliminary facts, it is clear that this is a targeted act of violence and the FBI is investigating this as an act of terrorism,' Michalek said. Michalek named the suspect as Mohamed Soliman, who was hospitalised shortly after the attack. Reuters could not immediately locate contact information for him or his family. FBI Director Kash Patel also described the incident as a 'targeted terror attack', and Colorado Attorney General Phil Weiser said it appeared to be 'a hate crime given the group that was targeted'. Boulder Police Chief Stephen Redfearn said he did not believe anyone else was involved. 'We're fairly confident we have the lone suspect in custody,' he said. Eli Imadali/AFP The attack took place on the Pearl Street Mall, a popular pedestrian shopping district in the shadow of the University of Colorado, during an event organised by Run for Their Lives, an organisation devoted to drawing attention to the hostages seized in the aftermath of Hamas' 2023 attack on Israel. In a statement, the group said the walks have been held every week since then for the hostages, 'without any violent incidents until today'. Israeli Foreign Minister Gideon Saar said on X he was shocked by the 'terrible antisemitic terror attack', describing it as 'pure antisemitism'. The incident comes amid heightened tensions in the US over Israel's war in Gaza, which has spurred both an increase in antisemitic hate crime as well as moves by conservative supporters of Israel led by President Donald Trump to brand pro-Palestinian protests as antisemitic. His administration has detained protesters of the war without charge and cut off funding to elite US universities that have permitted such demonstrations. In a post to X, a social network, Trump's deputy chief of staff Stephen Miller said Soliman had overstayed his visa and been allowed to work by the previous administration. He said it was further evidence of the need to 'fully reverse' what he described as 'suicidal migration'. Reuters was not able to independently verify the suspect's immigration status. When asked about Soliman, the Department of Homeland Security said more information would be provided as it became available. Brooke Coffman, a 19-year-old at the University of Colorado who witnessed the Boulder incident, said she saw four women lying or sitting on the ground with burns on their legs. One of them appeared to have been badly burned on most of her body and had been wrapped in a flag by someone, she said. She described seeing a man whom she presumed to be the attacker standing in the courtyard shirtless, holding a glass bottle of clear liquid and shouting. 'Everybody is yelling, 'get water, get water,'' Coffman said. Senate Minority Leader Chuck Schumer, a prominent Jewish Democrat, said it was an antisemitic attack. This is horrifying, and this cannot continue. We must stand up to antisemitism. Chuck Schumer The attack follows last month's arrest of a Chicago-born man in the fatal shooting of two Israeli embassy employees in Washington, DC. Someone opened fire on a group of people leaving an event hosted by the American Jewish Committee, an advocacy group that fights antisemitism and supports Israel. The shooting fuelled polarisation in the US over the war in Gaza between supporters of Israel and pro-Palestinian demonstrators. Colorado Governor Jared Polis posted on social media that it was 'unfathomable that the Jewish community is facing another terror attack here in Boulder'.
Yahoo
35 minutes ago
- Yahoo
Evaluating Why Giants Shouldn't Trade for Kyle Pitts
Evaluating Why Giants Shouldn't Trade for Kyle Pitts originally appeared on Athlon Sports. The New York Giants will enter the 2025 season with one of the league's weakest tight end rooms. That isn't necessarily an indictment of second-year tight end Theo Johnson's potential or Chris Manhertz's effectiveness as a blocker. But with little proven talent in the passing game, it is among the team's biggest questions. Advertisement That lends itself to speculation when high-profile targets become available at that position. Recently, the rumor mill has revolved around Atlanta Falcons tight end Kyle Pitts. As he enters a contract year, now three seasons removed from his lone 1,000-yard season, a change of scenery feels necessary. Some feel that New York is primed to provide that pivot. The Giants shouldn't trade for the 2021 first-round tight end, though, despite the weakness on the depth chart. 'Are the Giants in a position to pay for immediate help? They may be short on salary cap space, but Pitts' appeal, at age 24, is that he could also stick around for the long term,' Cody Benjamin wrote for CBS Sports. 'Head coach Brian Daboll would surely be OK pairing the big man with Malik Nabers, giving Russell Wilson an added safety valve for an offense sorely lacking secondary playmakers over the last few years. Assuming this link-up would extend beyond 2025, Pitts' arrival would also bode well for Jaxson Dart, the presumptive quarterback of the future.' Advertisement Cap implications aside, New York isn't a fit for Pitts. For one, Pitts is among 14 tight ends set to make over $10 million in 2025. There's a decent argument that he's worse than all of them, along with a few more on rookie deals. If the Giants believe Johnson is taking any type of significant leap in the coming months, then they inherently believe he'll be better than Pitts, anyway. In Daboll's offense, Pitts profiles as a rotational player, too. Pitts is a receiver in a tight end's frame, often playing in the slot and rarely blocking successfully. He's supposed to be able to stretch the field, sure, but is he doing that at the expense of receiver Wan'Dale Robinson in the slot? The best version of Pitts isn't as a safety valve. It's as a downfield threat operating as a receiver. That makes it awfully hard to coexist with Johnson, who the regime clearly likes, and it would take away from the versatility that Johnson's blocking flashes allow New York to tap into. Between injuries and inconsistencies, Pitts has descended into disappointment. There's a world in which he blossoms for another team, but neither the Giants' scheme nor timeline suggests that jump will come in East Rutherford. Advertisement Related: Giants Lag Behind in NFC East Tight End Rankings Related: Giants Schedule Reveals Potential Dart Debuts This story was originally reported by Athlon Sports on Jun 2, 2025, where it first appeared.
Yahoo
35 minutes ago
- Yahoo
NJ Lottery Pick-3, Pick-4, Cash 5, Cash4Life winning numbers for Sunday, June 1
The New Jersey Lottery offers multiple draw games for people looking to strike it rich. Here's a look at June 1, 2025, results for each game: Midday: 1-1-0, Fireball: 5 Evening: 4-7-5, Fireball: 2 Check Pick-3 payouts and previous drawings here. Midday: 2-2-8-3, Fireball: 5 Evening: 4-7-7-0, Fireball: 2 Check Pick-4 payouts and previous drawings here. 22-28-29-32-38, Xtra: 03 Check Jersey Cash 5 payouts and previous drawings here. 08-09-26-32-58, Cash Ball: 02 Check Cash4Life payouts and previous drawings here. Beware: No, a lottery jackpot winner isn't giving you money. How to spot a scammer Drawings are held every four minutes. Check winning numbers here. Drawings are held every four minutes. Check winning numbers here. Feeling lucky? Explore the latest lottery news & results Cash4Life: 9:00 p.m. daily. Pick-3: 12:59 p.m. and 10:57 p.m. daily. Pick-4: 12:59 p.m. and 10:57 p.m. daily. Jersey Cash 5: 10:57 p.m. daily. Pick-6: 10:57 p.m. Monday and Thursday. Winning lottery numbers are sponsored by Jackpocket, the official digital lottery courier of the USA TODAY Network. Tickets can be purchased in person at gas stations, convenience stores and grocery stores. Some airport terminals may also sell lottery tickets. You can also order tickets online through Jackpocket, the official digital lottery courier of the USA TODAY Network, in these U.S. states and territories: Arizona, Arkansas, Colorado, Idaho, Maine, Massachusetts, Minnesota, Montana, Nebraska, New Hampshire, New Jersey, New York, Ohio, Oregon, Puerto Rico, Washington D.C., and West Virginia. The Jackpocket app allows you to pick your lottery game and numbers, place your order, see your ticket and collect your winnings all using your phone or home computer. Jackpocket is the official digital lottery courier of the USA TODAY Network. Gannett may earn revenue for audience referrals to Jackpocket services. GAMBLING PROBLEM? CALL 1-800-GAMBLER, Call 877-8-HOPENY/text HOPENY (467369) (NY). 18+ (19+ in NE, 21+ in AZ). Physically present where Jackpocket operates. Jackpocket is not affiliated with any State Lottery. Eligibility Restrictions apply. Void where prohibited. Terms: This results page was generated automatically using information from TinBu and a template written and reviewed by a New Jersey Sr Breaking News Editor. You can send feedback using this form. This article originally appeared on NJ Lottery Pick-3, Pick-4, Cash 5, Cash4Life winning numbers for Sunday, June 1
