Saturday, October 18, 2008

Taking a closer look at Lehman's Brothers

From the NYTimes: One area of focus for New Jersey prosecutors is whether Mr. Fuld or other Lehman executives made misleading statements about the bank’s condition to investors who took part in a $6 billion infusion of capital announced by Lehman on June 9, one person close to the matter said. The new capital came as Lehman disclosed a $2.8 billion third-quarter loss that sent its shares plunging.

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