Skip to main content

Will Lehman Announce Early?

  • Author:
  • Updated:

Yesterday CNBC's Charlie Gasparino broke the news that Lehman Brothers is considreing announcing its second quarter earnings losses earlier than the scheduled June 16th date. After weeks of assault from critical analysts and short-sellers, the brokerage is considering an early announcement.

According to a person familiar with the matter, the earnings release would be coupled with an announcement that the bank is bolstering its balance sheet by injecting cash raised through an offering of shares known as a "rights offering."

Lehman Pre-Empts
[New York Post]