Ex-Jefferies Trader Litvak Drops Suit Against Witness
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Jesse Litvak, the former Jefferies & Co. managing director convicted of defrauding a federal bailout program, dropped a lawsuit in which he claimed a trial witness cost him his job.
The ex-manager sued Michael Canter, head of the securitized asset group at AllianceBernstein Holding LP, last month in New York State Supreme Court in Manhattan, accusing him of using “wrongful, unfair or improper means” to interfere with his employment. Canter testified for the prosecution that Litvak misled him about how much Jefferies paid for bonds.