Jefferies Appeals George Weiss’ $20 Million NYC Co-Op Exemption

Jefferies Financial Group Inc. is challenging a Florida bankruptcy court’s decision that hedge fund manager George Allen Weiss could exclude his interest in a $20 million New York City cooperative apartment from his bankruptcy estate.

The global investment firm filed notice Thursday with the US Bankruptcy Court for the Southern District of Florida that it would be appealing the court’s findings from earlier this month that Weiss can keep his valuable Manhattan residence out of creditors’ reach.

Jefferies, which holds a $113.5 million claim against Weiss stemming from his failed investment firm’s unpaid debts, has objected to the money manager’s ...