House To Examine Lehman's Regulators

Law360, New York (March 17, 2010, 3:59 PM EDT) -- The House Financial Services Committee will hold a hearing to examine questions raised about the federal regulatory oversight of bankrupt Lehman Brothers Holdings Inc. in the months leading up to its collapse, according to committee members.

In addition to eye-opening revelations about Lehman's prebankruptcy accounting tactics, Financial Services ranking member Spencer Bachus, R-Ala., said a report from Lehman's court-appointed bankruptcy examiner, Anton R. Valukas of Jenner & Block LLP, highlights “significant failings on the part of the New York Federal Reserve and the U.S. Securities and...
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