5 Year Ban From The Securities Industry Not As Much Of A Hindrance To Doing Business As One Might’ve Thought

Richard Handler’s Leucadia National Corp. (LUK) added $253 million to its investment in Philip Falcone’s Harbinger Group (HRG) Inc., which owns businesses from consumer goods to insurance. Leucadia agreed to buy 23 million preferred securities in Harbinger Group from Falcone’s hedge funds for $11 apiece, Harbinger Group said today in a statement. That brings Leucadia’s total disclosed holding including common shares to $497 million, based on today’s closing price. Falcone, 51, is focused on building his publicly traded Harbinger Group after reaching a settlement with U.S. regulators that bars him from the hedge-fund industry. His Harbinger Capital Partners hedge funds are working to meet redemption requests as part of the August accord with the Securities and Exchange Commission. Falcone said in the statement that he’s pleased with the investment and called the two firms “a great fit.” [Bloomberg]

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8 Responses to “5 Year Ban From The Securities Industry Not As Much Of A Hindrance To Doing Business As One Might’ve Thought”

  1. gab says:

    A lot of people think Dick Handler is a really smart guy. It will be fascinating to see how this one turns out.

  2. yatak odası says:

    I see it as a wise man Dick Handler. A successful man.

  3. guest says:

    I'm thinking resell.The guy sure knows how to put lipstick on a pig.


  4. Pissed p says:

    He should banned from planet earth. And his fuck ugly wife

  5. Wow, $253 million word of investment. Let's hope to see some real growth of Philip Falcone’s Harbinger Group (HRG) Inc.

  6. Markham Law Firm says:

    This type of investment shows that Richard Handler is serious with what he's doing. Let's see what his efforts and investments bring ahead. I'm sure he knows what he has to do in terms of all the business laws and regulations. Good luck.

  7. MacCBOE says:

    How is Dick Handler related to Chelsea Handler?