Lehman Brothers management massaged accounts, report confirms

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Lehman Brothers management massaged accounts, report confirms
12/03/2010 - 08:12:43

Senior management at failed US investment bank Lehman Brothers massaged the company's accounts to conceal the true state of its finances from investors, a court-appointed examiner has found.

The report also found sufficient evidence of negligence by Lehman Brothers auditors Ernst and Young to support a claim by Lehman for professional malpractice.

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