Lehman Brothers to Hire Neuberger to Help with Asset-Backed Securities Sale (LEHMQ)
Dec 28, 2009 (SmarTrend(R) News Watch via COMTEX) --
Company: Lehman Brothers Holdings, Inc. (LEHMQ)
12/28/2009-Lehman Brothers Holdings (OTC:LEHMQ) has pursued bankruptcy court approval to hire Neuberger Berman Fixed Income LLC to assist in the sale of $180 million in asset-backed securities.
Lehman said in a filing last Wednesday, "As the market for these securities recovers, LBHI intends to take advantage of opportunities to monetize the securities for the benefit of its creditors."
Lehman holds a 49% stake in Neuberger.
Shares of Lehman Brothers are down 0.5% in afternoon trading activity on Monday.
Write to Chip Brian at cbrian@tradethetrend.com
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News Provided by COMTEX
Company: Lehman Brothers Holdings, Inc. (LEHMQ)
Related terms: bankruptcy, market, otc, securities
