In This Never-Ending Lehman Short, $170,000 Is Still on the Table
Whitney Tilson made millions when Lehman went bust a decade ago, but he didn't quite close the deal
The headquarters of Lehman Brothers Holdings Inc. in New York on Wednesday, Sept. 10, 2008, just days before it filed for bankruptcy.
Photographer: Jeremy Bales
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It’s been a decade since former New York hedge fund manager Whitney Tilson made millions by betting against Lehman Brothers before it collapsed. But he’s still frustrated by the profit he can’t get his hands on.
Tilson has about $170,000 stranded in an account at Goldman Sachs Group Inc. because he neglected to return the 68,013 Lehman shares he’d borrowed from Goldman to make the trade.