Enron Corp. - University of California | Office of The President

Brothers legal entity, as its knowledge and liability in this case is determined by looking at Lehman
Brothers as an overall legal entity.
For instance:
765. Lehman Brothers acted as an underwriter for billions of dollars of Enron securities.
DATE SECURITY
11/93 8 million shares 8% Enron capital preferred shares at $25 per share
8/97 $150 million 6.5% Enron notes
5/98 35 million shares Enron common stock at $25 per share
5/99 $500 million 7.375% Enron notes
7/98 $500 million 6.40% and 6.95% Enron notes
2/99 27.6 million shares Enron common stock at $31.34 per share
5/00 $500 million Enron notes
2/01 $1.9 billion Enron zero coupon convertible notes
766. In addition, Lehman Brothers acted as underwriter of billions of dollars of other
Enron-related securities. For instance:
DATE SECURITY
8/00 Enron Credit Linked Notes Trust $500,000,000 8% Enron Credit
Linked Notes
9/00 Osprey Trust, Osprey I, Inc. $750,000,000 7.797% Senior Secured
Notes; and i315,000,000 6.375% Senior Secured Notes
10/00 27.6 million shares of New Power at $21 per share
767. Lehman Brothers was willing to engage and participate in the ongoing fraudulent
scheme because such participation created enormous profits for Lehman Brothers as long as the
Enron scheme continued in operation – something that Lehman Brothers was in a unique position
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