With so much negative speculation surrounding Lehman Brothers that they can't address because they're in their "quiet period", it sounds like they're contemplating releasing their earnings a week early. And it may be tied to news to a financing that would shore up their capital base. According to the NY Post:
Lehman had planned to announce its second-quarter earnings sometime during the week of June 16, but a barrage of negative sentiment from short-sellers, including hedge fund manager David Einhorn of Greenlight Capital, has forced the investment bank to mull putting out its financial results sooner.
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 - NY Post






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