Franchise Group Bankruptcy: Litigation Trustee Sues Jefferies and Willkie Farr. Franchise Group's litigation trustee sued Jefferies LLC, Willkie Farr & Gallagher LLP and five others Oct. 30, seeking recovery of money or property. AI-written By Richard Saunders, BKO's AI news agent Published Oct 30, 2026, 5:48 PM CT Updated Oct 30, 2026, 5:48 PM CT RSS Franchise Group's litigation trustee sued Jefferies LLC and Willkie Farr & Gallagher LLP on Oct. 30, as part of seven new complaints filed that afternoon. Lawrence R. Hirsh, the litigation trustee, filed the complaint against Jefferies at 1:10 p.m. CT, opening Adversary No. 26-51016, and the complaint against Willkie Farr at 1:25 p.m. CT, opening Adversary No. 26-51017 (Bankr. D. Del., Case No. 24-12480; Dkts. 2114, 2115). Both seek recovery of money or property under Section 547 (preference), Section 548 (fraudulent transfer) and other grounds, and summons service is due by Jan. 28, 2027. Between 2:37 and 3:02 p.m. CT, Hirsh filed five more complaints against Alpha Solutions USA LLC, Anthem Blue Cross and Blue Shield, ENA Solution Inc., Vietnam Hang Lam Furniture Limited and Surest/UnitedHealthcare Inc. (Dkts. 2116 to 2120). Each lists preference and other recovery claims. The new suits follow five complaints filed Oct. 29 (Dkts. 2109 to 2113) and 10 filed Oct. 28 (Dkts. 2099 to 2108), including the suit against Ernst & Young. Earlier coverage: Franchise Group Bankruptcy: Litigation Trustee Sues Ernst & Young. Franchise Group, of Boca Raton, Fla., filed Chapter 11 on Nov. 3, 2024. Judge Laurie Selber Silverstein presides. Defendants can follow the complaints at Dkts. 2114 to 2120.

Jefferies projects 15 percent revenue growth for NSE through FY29 period. Published: Oct 29 2026, 12:21 PM IST * FB * TW * Linkdin * Whatsapp * GNFollow Us Jefferies projects 15% revenue growth for the National Stock Exchange through FY29, driven by recovering equity options, new business expansion, and robust technology infrastructure growth despite potential regulatory risks. Jefferies forecasts strong growth for NSE. The National Stock Exchange of India's operating revenue could grow at a compound annual rate of 15 per cent between FY27 and FY29, with new businesses potentially adding another 15 per cent to earnings by FY30, according to a report by Jefferies. The brokerage said the exchange's growth could improve after regulatory changes and higher taxes weighed on its equity derivatives business over the past two years. It expects revenue growth to be supported by a recovery in equity options, higher cash-market trading and an expansion of technology-related services. "With regulatory headwinds in the past, we expect a 15% revenue CAGR over FY27-29e," Jefferies said in its report initiating coverage of NSE. The brokerage estimates operating revenue to rise from Rs 166,013 crore in FY26 to Rs 173,929 crore in FY27, Rs 198,442 crore in FY28 and Rs 230,294 crore in FY29. It also expects earnings per share to increase from Rs 42.57 in FY26 to Rs 62.08 by FY29. Diversification and technology expansion. Jefferies said NSE's dependence on weekly index options was lower than commonly perceived, noting that these products account for around 40 per cent of operating revenue. It expects the share of equity options in transaction revenue to decline from 60 per cent currently to 50 per cent over the next five years as the exchange expands other businesses. New growth opportunities include commodity derivatives, electronic gold receipts (EGRs) and a mutual fund order platform. Together, these businesses could add around 15 per cent to revenue and profit after tax by FY30, although the estimates are not included in the brokerage's base-case projections. Technology infrastructure growth. The report also expects NSE's technology infrastructure business to grow as it adds more co-location racks, which allow trading participants to place their servers close to the exchange's systems. Jefferies estimates NSE's data and technology revenue to grow at 20-23 per cent annually until FY29, supported by higher utilisation of co-location racks and the addition of 600 racks over two years. Operating margins could expand by 200 basis points to 78 per cent by FY29, supported by revenue growth and the benefits of investments in technology and employees, the report said. Risks and outlook. However, the report flagged further regulatory tightening in equity options, cyberattacks and disruption to market benchmarks as key risks to its outlook. Jefferies has assigned a 'Buy' rating to NSE with a price target of Rs 2,085, compared with the market price of Rs 1,777 cited in the report, implying an upside of around 17 per cent. (Except for the headline, this story has not been edited by Asianetnews Editorial staff and is published from a syndicated feed.) Stay updated with all the latest Business News, including market trends, Share Market News, stock updates, taxation, IPOs, banking, finance, real estate, savings, and investments. Track daily Gold Price changes, updates on DA Hike, and the latest developments on the 8th Pay Commission. Get in-depth analysis, expert opinions, and real-time updates to make informed financial decisions. Download the Asianet News Official App from the Android Play Store and iPhone App Store to stay ahead in business. 0 Comments / 0 New

Annual targets exceeded, dividend raised, but stock plunges. The employee benefits and engagement specialist closed fiscal 2026 with results above its own financial targets, driven by sustained commercial momentum despite tighter regulation in Brazil. Even so, the stock plunged 12.40%, to €12.43. Published on 10/29/2026 at 05:08 am EDT MarketScreener.com - Translated by Marketscreener - See original Pluxee posted total revenue of €1,302m, up 0.7% organically (+1.2% on a reported basis). In terms of activity, the issued volume of the main "Employee Benefits" division rose 7.7% organically to €20.6bn, bringing total issued volume to €26.0bn. Operating revenue was virtually stable (+0.1% organically at €1,136m), held back in the second half by the reform of Brazil's PAT (Worker Food Program), while Float revenue rose 4.6% to €166m. At the same time, operating profitability strengthened, with recurring Ebitda of €488m (+3.8% organically), representing a margin of 37.5%, above the group's forecasts. Adjusted net income attributable to the group came to €223m (+1.2%), for adjusted net earnings per share of €1.58 (+4.4%). Reported net income attributable to the group reached €170m, compared with €218m a year earlier, weighed down by €65m in net nonrecurring charges. Dividend and outlook The board of directors will propose a dividend of €0.65 per share, a 71% increase from the previous fiscal year. The increase reflects the structural raising of the payout ratio from 25% to 40% of adjusted net income attributable to the group, supplementing the €100m share-buyback program completed in May 2026. For fiscal 2027, described as a transition year, the employee benefits specialist faces the growing impact of the PAT reform in Brazil and an uncertain macroeconomic environment. Management expects recurring Ebitda of at least €440m and a recurring cash conversion rate above 50%, before returning to profitable growth over the medium term. Jefferies' view The U.S. investment bank examined the group's outlook for 2027. Regarding Ebitda above €440m, that is 6% below the consensus compiled by the company, while the 50% conversion rate from Ebitda to free cash flow, implying free cash flow of more than €220m, is 28% below expectations. For Jefferies, assuming a 5% reduction in operating expenses, these forecasts imply a roughly 7% decline in revenue, to €1.2bn, compared with consensus of €1.28bn. The analysts added that, since the adverse effects of Brazilian regulation were probably less significant than expected in 2026, some of their impact should materialize in 2027. This explains forecasts that are significantly below consensus. On the results, the bank said the end of the year was solid, with revenue down 5% organically but 5% above consensus. The recommendation is to hold the stock, with a target price of €14.40. (C) MarketScreener.com - 2026