DALLAS, Sept. 3, 2009 (GLOBE NEWSWIRE) -- 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
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