Fuld ‘Negligent’ as Lehman Hid Leverage, Report Says (Update2)
March 12, 2010 – 4:31 pmLehman Brothers Holdings Inc. used off-balance-sheet transactions to understate its leverage in late 2007 and 2008, deceiving shareholders about its ability to withstand losses, a bankruptcy examiner’s report said.
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Tags: &lsquoNegligent&rsquo, Balance Sheet, Bankruptcy, Fuld, Hid, Lehman, Lehman Brothers, Lehman Brothers Holdings, Lehman Brothers Holdings Inc, Leverage, Losses, Report, Rsquo, Says, Shareholders, Update2
