Monday's Winners & Losers: Lehman Brothers

Lehman Brothers(LEH Quote) said it expects a big second-quarter loss and announced plans to raise $6 billion through common and preferred stocks offerings.

Lehman shares plummeted 8.7% to $29.48 after announcing the news, which further dilutes the value of the stock to existing shareholders. All last week the investment bank fought off rumors that it would suffer higher losses.

Taser (TASR Quote), which makes electronic control devices designed to zap criminals and others, also plunged to a new 52-week low, losing 11.3% to $6.12. The Scottsdale, Ariz.-based company saw rival Stinger Systems move for dismissal of a patent infringement case Taser had filed. In a separate case, a jury found extended application of a Taser device responsible for 15% of an arrest-related death. The jury awarded about $1 million in compensatory damages and $5.2 million in punitive damages against Taser. ...