CHICAGO (Reuters) - A former Lehman Brothers Holdings Inc <LEHMQ.PK> executive warned months before the bank's collapse that senior management was potentially misleading investors and regulators about the value of the firm's assets, the Wall Street Journal reported on Saturday. In a ...
In letter, fired Lehman whistleblower calls bank's accounting tricks possibly 'unlawful' A Lehman Brothers whistleblower warned his bosses that accounting gimmicks the bank used before its collapse may have been illegal, his lawyer said Friday. Matthew Lee, a former Lehman senior vice ...
WASHINGTON (Reuters) - The chairman of the Senate Banking Committee on Friday wrote to the Justice Department urging establishment of a task force to probe possible violations of the law at Lehman Brothers and other firms. "I am deeply concerned about the ...
It's been discussed on TheAlphaNinja here and here. "In the simplest terms, this would be like a college student paying his neighbor to hide his bong during room inspections." Now Senate Banking Committee chairman Chris Dodd has written a letter to ...
Dodd asks Attorney General Holder for investigaiton of Lehman accounting Senate Banking Committee Chairman Christopher Dodd is asking Attorney General Eric Holder to investigate the circumstances that led to the spectacular collapse of Lehman Brothers. Dodd's request comes in the wake of ...
A senior US senator urged Attorney General Eric Holder Friday to create a task force to investigate possible criminal conduct behind the collapse of Wall Street giant Lehman Brothers. "I am deeply concerned about the facts that have come to light regarding ...
ALL BUSINESS: Short sellers didn't bring down Lehman; company squashed itself through risk Remember when everybody blamed short sellers for the demise of Lehman Brothers? Short sellers were immoral. Their greed brought capitalism to its knees. What they were doing was downright ...
NEW YORK (Reuters) - Lehman Brothers Holdings Inc fired new allegations at Barclays Capital Inc on Thursday, saying the British investment bank got a $13 billion "windfall" profit from its deal to buy Lehman's U.S. brokerage in September 2008. In documents filed ...
The head of the Securities and Exchange Commission confirmed Wednesday that the agency is investigating several companies' actions in the run-up to the financial crisis of 2008. SEC Chairman Mary Schapiro said "it would be safe to assume" that the agency is ...
NEW YORK (Reuters) - A bankruptcy judge said on Wednesday Lehman Brothers Holdings Inc <LEHMQ.PK> could delay until mid-April filing a detailed disclosure statement for its proposed plan to end its bankruptcy. The disclosure statement, which is a necessary step for Lehman ...
