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NEW YORK — Lehman Brothers Holdings Inc., the securities firm that has lost 75 percent of its market value this year, whittled down its hardest-to-value assets by 2.7 percent in the second quarter.
Lehman’s so-called Level 3 assets, including mortgage- backed bonds and private-equity investments, declined to $41.3 billion at the end of May from $42.5 billion in February, according to a filing with the U.S. Securities and Exchange Commission on Thursday.
