Jefferies’s Top Holder Leucadia Declines as Stake Loses Value

Leucadia National Corp., the largest investor in Jefferies Group Inc., fell as the value of the stake in the investment bank plunged.

Leucadia, also an investor in mortgages, vineyards and mining, dropped 7 percent to $24.08 at 10:37 a.m. in New York. New York-based Leucadia, which holds a 28 percent stake in Jefferies, has plunged about 15 percent this week on concern the investment bank could be pressured by Europe’s financial crisis. Jefferies has dropped more than 20 percent since Oct. 28.

Laura Ulbrandt, a spokeswoman for Leucadia, declined to comment.