Lehman continues to fall despite third-party assurances

07/11/2008 | Bloomberg

Shares of Lehman Brothers Holdings sank to their lowest levels since 2000 on Thursday, despite votes of confidence from Pacific Investment Management Co. and hedge fund SAC Capital Advisors LLC, two of Lehman's biggest customers. Brad Hintz, an analyst at Sanford C. Bernstein & Co., said the sell-off of Lehman was an overreaction.

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