Lehman Brothers Holdings Incorporated
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Lawrence G. McDonald: The Case For Dismantling Giant Banks
www.huffingtonpost.com | Oct 12, 2009
These 21st century banks have become deadly, systemically risky dominoes that can crush us all if they fail, or can bankrupt us all with debt if we have to bail them out.
http://www.huffingtonpost.com/lawrence-g-mcdonald/the-case-for-dismantling_b_316701.html
Japan's Nomura posts second straight profit
uk.news.yahoo.com | Oct 28, 2009
Japan's top securities firm Nomura declared its purchase of large parts of failed US bank Lehman Brothers "a resounding success" Wednesday as it posted a second
http://uk.news.yahoo.com/18/20091028/tbs-japan-s-nomura-posts-second-straight-5268574.html
Lehman's British Administrator Proposes to Return $11 Billion to Creditors
www.bloomberg.com | Nov 24, 2009
[bn:WBTKR=LEHMQ:US] Lehman Brothers Holdings Inc. []’s U.K. bankruptcy administrator issued a proposal that will allow for the return of as much as $11 billion in assets to creditors, after an earlier plan was rejected by a London court.
http://www.bloomberg.com/apps/news?pid=20601087&sid=a.vouWDkITrE&refer=worldwide_news
SocGen to Raise euro4.8 Billion to Pay State Loans
abcnews.go.com | Oct 6, 2009
Societe Generale SA on Tuesday became the second French bank to say it is launching a rights issue to repay emergency funding from the French government early. SocGen, France's second largest bank, said in a statement it wants to raise euro4.8 billion ($7.
News from Zibb.com
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Morgan Stanley Vends Lehman Claim - Zibb.com
Sep 19, 2009 (Zacks.com via COMTEX) --
Morgan Stanley (MS) sold a claim on $1.2 billion of Lehman Brothers' (LEHMQ) liquidation to about 10 different investors this week. The claim was connected to approximately 10,000 derivative transactions for which Lehman was the counterparty. The sales price was 38.5% of the face value or $462 million. Lehman Brothers Holdings filed for Chapter 11 bankruptcy protection in September 2008. This was the high water mark of the credit market turmoil. After this big fall, some counterparties suffered huge losses, which are now looking to claim. Some investors have the capability of recovering more on the claims than what the original sellers of the claims expect. As a result, demand for buying and selling those claims has increased significantly. Furthermore, with signs of recovery, the recent market stability boosted the trading opportunities in these claims as their value increased over the last six months. One of the first big blocks of claims was traded by Deutsche Bank (DB) in June. Deutsche traded more than EUR500 million in the liquidation of Lehman's European operating company, Lehman Brothers International Europe. Last month, hedge fund Citadel Investment Group sold a claim on $423 million of Lehman Brothers' assets to Credit Suisse Group (CS), according to a filing at New York Bankruptcy Court. Though cyclical headwinds and market turmoil are expected to persist for a while, we believe that the management of Morgan Stanley is staying the course to emerge from the downturn and building a strong competitive position. However, the current backdrop remains challenging, given the weak housing market and increasing unemployment. Morgan Stanley's second quarter results experienced continued improvement in credit default spreads and it was among the first banks to repay the bailout money. Given the continued momentum in its core institutional securities franchise and cost containment measures, we expect Morgan Stanley to deliver strong results in the near future.
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Tags: bankruptcy hedge fund housing investment investment opinion market money new_york research securities unemployment water
Companies: Credit Suisse Group (CS), Lehman Brothers Holdings, Inc. (LEHMQ), Morgan Stanley (MS)
Japanese businessman jailed for 15 years for defrauding Lehman Brothers - Zibb.com
Sep 14, 2009 (BBC Monitoring via COMTEX) --
Tokyo, Sept. 14 Kyodo - A Tokyo court sentenced a former president of a medical consulting company to 15 years in prison and 5 million yen in fines on Monday for conspiracy in defrauding a Japanese unit of failed Lehman Brothers Holdings Inc. using fabricated documents of Japanese trading company Marubeni Corp.
The Tokyo District Court found Shigenori Saito, 47, who was president of Asclepius Ltd., guilty of conspiring to deceive the Japanese arm of the now-defunct US securities company into investing 37.1 billion yen in bogus hospital restructuring projects between August and November in 2007. The punishment given by the court was in line with what the prosecutors have sought.
Presiding Judge Osamu Iguchi said Saito played an "integral part in the crime by telling his accomplices to forge documents" that carried the letterhead of a Marubeni vice-president. His conspirators included former Marubeni employee Yuzuru Yamanaka, 36, who has been indicted on fraud and other charges.
Saito was also ordered to pay a surcharge of some 412 million yen, the same amount of money he earned in March last year in insider trading, the court said.
He made the profit by selling off a total of 11,500 shares in LTT Bio-Pharma Co., the parent company of Saito's firm, before disclosing that his company had become unable to reimburse investors for contributions they made to its capital and that it was withdrawing from a capital tie-up with the parent firm, it said.
Source: Kyodo News Service, Tokyo, in English 1022 gmt 14 Sep 09
BBC Mon AS1 AsPol nm
Tags: consulting contributions hospital insider trading japan medical money new mexico president prison restructuring tokyo yen
Companies: Lehman Brothers Holdings, Inc. (LEHMQ), Marubeni Corp. (MARUY)
Bain Capital Said to Buy 35% of SUNAC Group from Lehman - Zibb.com
TIANJIN, Sep 23, 2009 (SinoCast Daily Business Beat via COMTEX) --
Bain Capital LLC has agreed to take over a 35% stake in Tianjin-based real estate developer Sunac China Holdings Limited (SUNAC Group) from the bankrupt Lehman Brothers Holdings Inc., disclosed sources familiar with the matter on September 22.
The holdings, on which Lehman Brothers spent USD 200 million in 2007, is about to be acquired by a fund under the aegis of Bain Capital, said a source. The stake came under the custody of the bankruptcy administrator of Lehman Brothers after the US-based firm spiraled into a bankruptcy amid the financial crisis,
The deal came shortly after SUNAC Group filed for an initial public offering (IPO) in Hong Kong, according to another source, noting that the Tianjin company had to put off its planned IPO because of the collapse of Lehman Brothers.
Currently, Bain Capital is the second biggest shareholder of GOME Electrical Appliances Holding Ltd. (SEHK: 0493) with a 32.26% stake.
Source: www.hexun.com (September 23, 2009)
Tags: bankruptcy electrical hong kong ipo public offering real estate SinoCast China Business Daily news holdings stake financial crisis fund bankruptcy IPO shareholder
Companies: China Holdings Inc (CHHL), Lehman Brothers Holdings, Inc. (LEHMQ)
StockPreacher.com Issues Technical Trading Overview for Lehman Brothers Holdings Inc. - Zibb.com
DALLAS, Sep 3, 2009 (GlobeNewswire via COMTEX) --
StockPreacher.com announces an investment report featuring financial service company Lehman Brothers Holdings Inc. (Pink Sheets:LEHMQ). The report includes financial and investment analysis, analyst consensus, and pertinent industry information you need to know to make an educated investment decision.
The investment report on Lehman Brothers Holdings Inc. (Pink Sheets:LEHMQ) should be of particular interest to other financial companies: Citigroup Inc. (NYSE:C), Morgan Stanley (NYSE:MS), JPMorgan Chase & Co. (NYSE:JPM) and FCStone Group Inc. (Nasdaq:FCSX).
It is available at: http://www.stockpreacher.com/n/LEHMQ
Lehman Brothers Holdings Inc. (LEHMQ), through its subsidiaries, provides various financial services to corporations, governments and municipalities, institutions, and high-net-worth individuals worldwide. The Company provides a range of services in equity and fixed income sales, trading and research, investment banking, asset management, private investment management and private equity. LEHMQ operates in three segments: Capital Markets, Investment Banking, and Investment Management.
The Company generates client-flow revenues from institutional, corporate, government and high-net-worth clients by advising on and structuring transactions; serving as a market maker and/or intermediary in the global marketplace, including having securities and other financial instrument products; originating loans for distribution to clients in the securitization or principals market; providing investment management and advisory services, and acting as an underwriter to clients.
In the report, the analyst notes:
"In June 2009, the New York City Tax Office filed a claim against LEHMQ's bankruptcy estate, accusing LEHMQ of shortchanging New York City of $627 million in corporate and other taxes, beginning in 1996. New York City's claim is one of the largest claims ever since LEHMQ filed for bankruptcy last September. LEHMQ has not yet responded to the city's claim.
"In August 2009, Citadel Investment Group filed a claim for $470.5 million with the Lehman estate, relating to the cost of replacing derivative transactions it held with the failed bank at its Citadel Equity Fund. A week after filing the bankruptcy claim, Citadel has gotten most of the claim off its books. The Group has sold $423 million of its claim on the LEHMQ assets to Credit Suisse Group, according to a bankruptcy court filing."
To read the entire report visit: http://www.stockpreacher.com/n/LEHMQ
See what investors are saying about these stocks at: http://www.stockhideout.com/
StockPreacher.com is a small-cap research and investment commentary provider. StockPreacher.com strives to provide a balanced view of many promising small-cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the public information available on them. For more information on StockPreacher, please visit: http://www.stockpreacher.com
StockPreacher.com Disclosure
StockPreacher.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. StockPreacher.com is a Web site wholly-owned by BlueWave Advisors, LLC. Please read our report and visit our Web site, StockPreacher.com, for complete risks and disclosures.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: StockPreacher
CONTACT: StockPreacher.com Jeff Bishop (469)-252-3505 press@beaconequity.com
Tags: advisor bank bankruptcy corporate equity financial services government investment investment banking investment opinion market nasdaq new_york nyse Private Equity products research sales securities small cap taxes web
Companies: Citigroup, Inc. (C), FCStone Group Inc (FCSX), J.P. Morgan Chase & Co. (JPM), Lehman Brothers Holdings, Inc. (LEHMQ), Morgan Stanley (MS)
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Video: Stock Focus: Constellation Energy - Zibb.com
www.zibb.com
Collateral Damage - Constellation Said Friday that Lehman Brothers is Counterparty on Some of Its Commodity Services; Shares Down Nearly 50% in a Week; Statement After Market Close Yesterday Indicated That Constellation Has "No Material Exposure" to Lehman's Commodity Trading Business
http://www.zibb.com/article/3976769/Video+Stock+Focus+Constellation+Energy
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AIG) of the US has acquired a 90 per cent stake in the local privately-owned Pharaonic Insurance Company, and has thereby become the largest international player in the domestic general insurance market....
Aura Consulting - Projects - Lehman Brothers
5th Floor Fitting Out Project Small works including roof repairs, conditions surveys, uplift works to atria, including replacement of doors and ceilings and decorations. Managing removal of demountable partitions, fitting out new engineers room, managing removal of furniture and other items.
http://www.aura-consulting.co.uk/project-LehmanBrothers.shtml
How to Create Job Security: Lessons for Freelance Writers from the Lehman Brothers, Merrill Lynch
This morning (Monday, September 15, 2008), the world awoke to the dire financial news that Lehman Brothers and Merrill Lynch were in trouble. Lehman Brothers is filing for Chapter 11 Bankruptcy and Merrill Lynch is being sold for $50 billion to Bank of America.
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Lehman Brothers Holdings Inc. was a global financial-services firm prior to its bankruptcy and sale in 2008.
Lehman Brothers Holdings Incorporated (LEHMQ) Company Profile ...
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Lehman Brothers Holdings Incorporated. The Group's principal activity is to provide investment banking services to institutional, corporate, government and high-net-worth ...
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Truthdig - Reports - What Is So Patriotic About Hysteria?
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... Motors, Raytheon, W.R. Grace, Royal Caribbean Cruises Ltd, Lone Star Technologies, American Express, The Citigroup Inc., Royal & Sun Alliance, Lehman Brothers Holdings Incorporated ...
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