lehman

October 6, 2008 - 12:46pm
PRESS RELEASE

Senator Pennacchio Challenges Investment Council Members With Lehman Ties to Disclose Roles

State Senator Joe Pennacchio asks how two top Lehman executives and one former Lehman executive on New Jersey's investment council could have let the state lose more than $115 million in three months investing in the now-bankrupt Wall Street investment bank.

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September 19, 2008 - 1:12pm
PRESS RELEASE

Pennacchio: Treasurer Needs to Explain What Happened With Lehman Pension Investment

The possibility of litigation shouldn't block rapid and full disclosure of what led up to the state's disastrous investment in Lehman Brothers.

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September 15, 2008 - 2:58pm
PRESS RELEASE

Pennacchio: State Pensions Took Huge Risk Bailing Out Dying Wall Street Bank

Reasonable risks are necessary to make money in stocks. Buying more than $100 million in stock in a company that few other investors would touch sounds reckless.

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