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Lehman will go bankrupt or be acquired by the 21st of September

Settled as Yes

Settled as YES as it was announced earlier Monday morning (9:35 GMT) that they were declaring bankruptcy.

Background:

Background: To settle as a YES, Lehman Brothers must either announce
that they have filed for bankruptcy or announce that
another company has bought them. The announcement must be
made by 11:59 PM EDT, September 21, 2008. The deal does not
have to be completed by this time to settle as a yes, just
be announced.
Market suspends at the close of business (4PM EDT) on Friday, September 19.

Settlement details:As reported by a major mainstream news source.

 
Forecast history %
Yes
88%
No
12%
Settled as Yes on Tue 16th Sep 2008 3:04am PST

Suspend date: Fri 19th Sep 2008 12pm PST
Settlement date: Tue 16th Sep 2008 3:04am PST
Prediction cut-off: Predictions on this question after Mon 15th Sep 2008 1:35am PST have been voided because they were made after the question could be settled

Initial likelihoods: Yes: 25%

Action history:

Created Thu 11th Sep 2008 6:26pm PST by sokratis
Settlement requested Sun 14th Sep 2008 11:51pm PST by keyeshoveden[Power User]: Settle as yes. Chapter 11.
Settlement requested Mon 15th Sep 2008 1am PST by elly: Lehman Brothers has not announced officially their bankruptcy.
Settlement requested Mon 15th Sep 2008 3:58am PST by Erik: Wall Street bank Lehman Brothers has filed for chapter 11 bankruptcy protection after emergency talks to find a buyer failed.
http://news.bbc.co.uk/2/hi/business/7615974.stm
Suspended Mon 15th Sep 2008 4:39am PST by kruijs[Power User]: Flagged by super user: Please evaluate settlement requests by elly, keyeshoveden and Erik
Settlement requested Mon 15th Sep 2008 6:39am PST by randburg: Lehman Brothers filed for Chapter 11 Bankruptcy:

http://www.cnbc.com/id/26708143
Settlement requested Mon 15th Sep 2008 8:55am PST by jobsworth: Lehmans formally filed for bankruptcy
Settlement requested Mon 15th Sep 2008 8:55am PST by jobsworth: Lehmans formally filed for bankruptcy
Settlement requested Mon 15th Sep 2008 8:55am PST by jobsworth: Lehmans formally filed for bankruptcy
Settlement requested Mon 15th Sep 2008 8:55am PST by jobsworth: Lehmans formally filed for bankruptcy
Settlement requested Mon 15th Sep 2008 8:55am PST by jobsworth: Lehmans formally filed for bankruptcy
Settlement requested Mon 15th Sep 2008 8:55am PST by jobsworth: Lehmans formally filed for bankruptcy
Settlement requested Mon 15th Sep 2008 3:16pm PST by rbrog77: They filed for bankruptcy

http://www.msnbc.msn.com/id/26716880/
Settlement requested Mon 15th Sep 2008 11:04pm PST by pixelpaws: They've gone bankrupt. Can we please get this settled? :)

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/09/16/cnbankrupt116.xml
Settled as 'No' Tue 16th Sep 2008 3:01am PST by bayoubear[Admin]: Settled as YES as it was announced earlier Monday morning that Lehman would be filing foe bankruptcy (approximately 9:35 GMT)
Previous action withdrawn Tue 16th Sep 2008 3:03am PST by bayoubear[Admin]: incorrect settlement
Settled as 'Yes' Tue 16th Sep 2008 3:04am PST by bayoubear[Admin]: Settled as YES as it was announced earlier Monday morning (9:35 GMT) that they were declaring bankruptcy.

Suspend date: Fri 19th Sep 2008 12pm PST
Settlement date: Tue 16th Sep 2008 3:04am PST
Prediction cut-off: Predictions on this question after Mon 15th Sep 2008 1:35am PST have been voided because they were made after the question could be settled details

 

Predictions (82)

1 year ago
boogieandjive predicted Yes (H$500 at 89%)
1 year ago
light predicted Yes (H$2,490 at 92%)
1 year ago
jgardner100 predicted Yes (H$20 at 91%)
1 year ago
mistert predicted Yes (H$100 at 91%)
1 year ago
shadzzzz predicted Yes (H$50 at 91%)

Comments (15)

  1 dieseldog
wheres all the admins and superusers? newswrangler don't show on the leaderboard, but his name shows he's active.
posted 1 year ago
  2 Erik
Wow....I flagged this one.
posted 1 year ago
  3 pixelpaws
In light of today's news, 20% seems awfully low.
posted 1 year ago
  4 Erik
Lehman talks continue as Barclays emerges as buyer
http://news.yahoo.com/s/ap/20080914/ap_on_bi_ge/lehman_brothers_150
posted 1 year ago
  5 randburg
@dieseldog -- LOTS of people are missing on the leaderboard, including me...
posted 1 year ago
  6 Erik
"According to people briefed on the matter, Lehman Brothers will file for bankruptcy protection on Sunday night..."
http://dealbook.blogs.nytimes.com/2008/09/14/lehman-to-file-for-bankruptcy-protection/
posted 1 year ago
  7 Erik
psst, super-duper users, perhaps this (and other Lehman markets) should be suspended until the category boss can settle.
It was a done deal last night. (see settlement request for links)
posted 1 year ago
  8 kruijs[Power User]
thanks, Erik
posted 1 year ago
  9 Erik
I assume bayoubear logged off?
posted 1 year ago
  10 bayoubear[Admin]
Can anyone provide me the time that the announcement was
made? Ihave a report referring to people who were
briefed, and then other reports in the early morning
hours.
I have other flags from 2:51 AM CDT to 6:58 AM CDT.

Can any show me when the announcement was made?
posted 1 year ago
  11 Erik
I heard it on the radio at midnight, central time
posted 1 year ago
  12 light
http://www.lehman.com
You can down the file on the top page, if you still can visit it.
posted 1 year ago
  13 randburg
Someone is far more interested in cutting people OUT of this market, than settling it...
posted 1 year ago
  14 kruijs[Power User]
settling and cutting off (back-voiding) of predictions is to be done together.
you can't do one without the other, which is why bayoubear tries to get the most honest time of the event occurring before settling and before people complaining that their predictions got voided.
posted 1 year ago
  15 dieseldog
@baybear..first settlement request has - Page last updated at 09:35 GMT, Monday, 15 September 2008 10:35 UK. i dunno what time that is in the USA.
posted 1 year ago

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