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Lehman said it was valuing its commercial real estate fairly, based on the prices that Mr. Walsh's group had been getting on the open market as it struggled to free up the bank's balance sheet.
Last fall, the agency sent the family an unsigned draft report that it was valuing "Canyon" at $15 million.
Last year, it was fined $30,000 by the US financial industry regulatory authority for failing to disclose how it was valuing securities.
In March, Twitter set off a frenzy of interest after it said it was valuing the stock it was offering to employees at $17 a share, according to VC Experts, a private company data provider.
But Lehman officials on a conference call with investors last week said it was valuing similar subprime mortgage securities to those held by A.I.G. at 34 cents on the dollar; its mark on the Alt-A holdings was 39 cents.
But if we knew which securities each bank owned, and where it was valuing them, we could go over each security and reach our own conclusions as to values.
Similar(52)
It was valued at $100,000 to $1 million.
It was valued at between $5 million and $25 million.
Last August it was valued at $10bn.
Last month it was valued at £1.5m.
It was valued to be less than $1 just66 months ago.
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