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Prospect News home > News index > List of issuers L > Headlines for Lazard Ltd. > News item
Published on 1/14/2009 in the Prospect News Special Situations Daily.

JPMorgan slashes passive stake to 1.1% in Lazard

By E. Janene Geiss

Philadelphia, Jan. 14 - JPMorgan Chase & Co. Inc. slashed its investment to 1.1% in Lazard Ltd. as of Dec. 31,, according to an SC 13G/A filing.

That represents a passive stake of 838,799 shares.

Those holdings are down from the passive stake of 5.7%, or 2,948,669 shares, that the investor reported owning on Dec. 31, 2007, according to another SC 13G/A filing.

Lazard is a New York-based financial advisory and asset management firm.


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