George Weiss Bankruptcy Case Must Stay in Florida, Judge Rules

Jefferies Financial Group lost its bid to move hedge fund founder George Weiss’ personal bankruptcy case from Florida to New York.

Chief Judge Martin Glenn of the US Bankruptcy Court for the Southern District of New York ruled Monday that the investment banking firm failed to meet the burden of proof under the “interests of justice,” which ensures fairness and efficient case management, and the “convenience of parties,” which reduces costs and burdens on those involved.

The venue fight stems from a broader dispute over a February 2024 forbearance deal, with Jefferies claiming Weiss is liable for over $100 million ...