NY: Cuomo sues Ernst & Young over Lehman

posted by
December 21, 2010
The Street    
Posted in News

"Andrew Cuomo, the New York State Attorney General who will move into the Governor's mansion at the start of the year, has sued Lehman Brothers' auditor Ernst & Young. The lawsuit, which was leaked to the media Monday, charges Ernst & Young with helping Lehman'engage in an accounting fraud involving the surreptitious removal of tens of billions of dollars of fixed income securities from Lehman's balance sheet in order to deceive the public about Lehman's true liquidity condition,' according to a press release from Cuomo's office Tuesday." (12/21/10)


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