Description:Â Unraveling the biggest-ever U.S. bankruptcy case isn’t cheap. A report released Thursday by the examiner in the Lehman Brothers Chapter 11 case exposed the games the defunct investment bank’s executives played to stay in Wall Street’s good graces
Source: CNNMoney.com
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Date: 03/12/2010
Link:
http://money.cnn.com/2010/03/12/news/companies/lehman.fees.fortune/?section=magazines_fortune
Questions for discussion:
- How does the Sarbanes-Oxley Act, which holds executives responsible for the integrity of their firms’ accounting, relate to the possible legal actions against CEO Dick Fuld and others?
- Do you agree that the costs associated with “establishing the facts that can be used in both civil and criminal litigation, the 2,200-page report will likely more than make up for its costs�
- Do you believe that the report will contribute to better government or industry regulation in the future?
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