Lehman Preferred Series "J" Preferred (fka LEHJQ)

[DJN]

Kojaian splits with Lehman: Developer, bankrupt firm divide joint-venture properties

http://www.crainsdetroit.com/article/20090927/FREE/309279965/1069#

In the near future, Kojaian expects to buy many of the Lehman-owned properties back, he said, under the purchase options negotiated in the settlement.

He also expects Lehman to emerge from Chapter 11 and function again.

“When Lehman comes out, we will do business again,” he said. “It's very sad what happened to that firm.”