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
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 â€œestablishing 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 costsâ€?
- Do you believe that the report will contribute to better government or industry regulation in the future?