Lehman’s Fuld ‘Negligent’ as Firm Hid Leverage, Examiner Says

By editor Mar 12, 2010, 1:28 AM

Lehman’s Fuld ‘Negligent’ as Firm Hid Leverage, Examiner Says – Lehman Brothers Holdings Inc. used off-balance-sheet transactions to downplay its leverage in late 2007 and 2008, deceiving shareholders about its ability to withstand losses, a bankruptcy examiner’s report said – Bloomberg