03:39 PM EDT, 05/02/2024 (MT Newswires) -- (Updates with further details, companies declining or not responding to request for comment in second to fourth paragraphs)

Nomura Holdings ( NMR ) and Mizuho Financial Group ( MFG ) are facing over $100 million in potential losses tied to several failed stock trades by investment fund All Blue Capital, Bloomberg reported, citing New York legal filings and people familiar with the matter.

Nomura faces a possible loss of 14 billion yen ($91 million) amid the fund's alleged inability to settle its bets, while Mizuho is claiming that All Blue owes it $19 million.

Spokespeople for Nomura and Mizuho declined to comment, while All Blue is challenging the lawsuit and intends to defend itself against Mizuho's claims, the report said, citing a lawyer for the company.

Mizuho also declined to comment when reached by MT Newswires. Nomura and All Blue did not immediately reply to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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