Dems Grill Ex-Lehman Execs Over Firm's Collapse

Law360, New York (April 20, 2010, 5:51 PM EDT) -- Greater authority and resources for federal regulators could have stopped failed investment firm Lehman Brothers Holdings Inc. from participating in off-sheet “Repo 105” tactics and other risky behavior prior to its collapse, U.S. House of Representatives Democrats said Tuesday.

The House Financial Services Committee heard testimony from Lehman's former leadership, its primary regulators and its court-appointed bankruptcy examiner, Jenner & Block LLP partner Anton Valukas, as part of the committee's broad investigation into public policy issues raised in the explosive examiner report Valukas issued in March...
To view the full article, register now.