Use access key #2 to skip to page content.
$21.10 0.90 (4.46%)
7/23/2008 4:00 PM

Lehman Brothers Holdings, Inc. (LEH)

CAPS Rating:
*

Serves the financial needs of corporations, governments and municipalities, institutional clients and individuals. Provides an array of equities and fixed income sales, trading and research, investment banking services and investment management services.

View All Commentary (LEH)

Recs

6

Avatar MaxProfit81 (< 20) Submitted: 3/17/08 3:18 PM : Outperform Start Price: $27.68 LEH Score: 42.24

Decimated by Bear sterns news, there is a bet going on that this company will go the same way. Im betting against that. Purely speculative, big payoff if its liquidity news is good.

Report this Post Replies: 1 | Reply

Avatar abitarecatania (98.68) Submitted: 3/29/08 8:43 PM

Recs: 0 | Rec This

Lehman hit by fraud involving Marubeni employees Reuters 29 March 08

"TOKYO (Reuters) - U.S. investment bank Lehman Brothers was defrauded of some $353.1 million after it was caught in a scam in Japan, a source familiar with the situation told Reuters on Saturday, and trading house Marubeni said some of its staff were involved.

Goldman Sachs (GS.N: Quote, Profile, Research) was also caught in the scam, daily Asahi Shimbun said on Saturday, citing sources familiar with the issue. The full scale of the fraud was not immediately known.

The Nihon Keizai Shimbun reported on Saturday that senior officials at medical consulting firm Asclepius Ltd, a wholly owned unit of LTT Bio-Pharma Co (4566.T: Quote, Profile, Research), sought to raise funds from investors for the purchase of hospital equipment.

The newspaper said the fraud involved fake documents from Japan's fifth-largest trading firm Marubeni Corp (8002.T: Quote, Profile, Research)."

Report this Post Reply

Featured Broker Partners