Saturday 31st of July 2010

Findings on Lehman Take Even Experts by Surprise PDF Print E-mail

Michael J. de la Merced writes at the New York Times March 12:

For the year that it took the court-appointed examiner to complete his report on the demise of Lehman Brothers, officials from Wall Street to Washington were anticipating it as the definitive account of the largest bankruptcy in American history.

And the report did just that when it was unveiled on Thursday, riveting readers with the exhaustive detail contained in its nine volumes and 2,200 pages. Yet almost immediately, it raised a host of new questions.

Now government regulators have what some lawyers call a road map for further inquiry into former Lehman executives like Richard S. Fuld Jr. and the auditing firm Ernst & Young.

To read more, click this link:

http://www.nytimes.com/2010/03/13/business/13lehman.html?pagewanted=print

 

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