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The Kingman Unified School District Board was notified Tuesday by the County Treasurer’s Office that it may lose money on its investment in Lehman Brothers.

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The Kingman Unified School District could be facing a shortfall in more than just state funding. The district board was notified Tuesday night of a letter the district office received from the Mohave County Treasurer's Office. The letter states that the Treasurer's Office has segregated the nearly $51 million in Lehman Brothers bonds the county investment pool had into a separate account. Lehman Brothers filed for bankruptcy last year and the case is currently moving through bankruptcy court.

By Suzanne Adams-Ockrassa January 15, 2009
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