Jefferies Group LLC, the investment bank owned by Leucadia National Corp. (LUK), agreed to pay $25 million to settle U.S. criminal and civil probes of suspected abuses in the trading of mortgage-backed securities after the financial crisis, Bloomberg News reported yesterday. The deal includes a non-prosecution agreement with the U.S. Attorney’s Office in Connecticut, Jefferies said yesterday in a regulatory filing. The company will pay $11 million to counterparties harmed in certain trades, $10 million to the U.S. Attorney’s Office and $4 million to resolve a parallel investigation by the Securities and Exchange Commission, subject to the agency’s final approval.
