(Bloomberg) A short seller that bet against a struggling retail chain claims it’s now paying the price: an endless stream of monthly payments to Jefferies LLC, which lent it the shares for the trade more than a decade ago.Most Read from BloombergBiden Gains Ground Against Trump in Six Key States, Poll ShowsJapan Amps Up Intervention Threat as Yen Hits Lowest Since 1990Trump’s Net Worth Hits $6.5 Billion, Making Him One of World’s 500 Richest PeopleUsing Your Premium Credit Card May Cost More
Short Seller s Winning Bet Means Permanent Payments to Jefferies bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
(Allegedly) holding collateral and charging millions in fees for worthless positions is about as good a business as exists, until the arbitration claims come, anyway.