Prosecutors Subpoena A Dozen Lehman (LEH) Executives
Tweet
Share
E-mail
The NY Post reported prosecutors have subpoenaed a dozen Lehman Brothers (NYSE: LEH) executives, including CEO Dick Fuld, in connection with three grand jury probes into the bankruptcy of Lehman Brothers.
Thus far, twelve people have been subpoenaed. Sources say the nature of the investigation is whether Lehman executives knowingly made false comments about the health of Lehman before its collapse.
Lehman Brothers hopes to give more clarification to creditors on the state of its cash and collateral within the next 45 to 60 days. Many of Lehman's trading counterparties, including large hedge funds and other investment banks, had their accounts frozen when Lehman rushed into bankruptcy court on Sept. 15.
Thus far, twelve people have been subpoenaed. Sources say the nature of the investigation is whether Lehman executives knowingly made false comments about the health of Lehman before its collapse.
Lehman Brothers hopes to give more clarification to creditors on the state of its cash and collateral within the next 45 to 60 days. Many of Lehman's trading counterparties, including large hedge funds and other investment banks, had their accounts frozen when Lehman rushed into bankruptcy court on Sept. 15.
You May Also Be Interested In
Create E-mail Alert Related Categories
Insiders' BlogRelated Entities
Lehman Brothers, Hedge FundsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
