We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Analysts, Firms Subpoenaed In Lehman Probes

Law360 (October 22, 2008, 12:00 AM EDT) -- Several Wall Street securities firms have reportedly been subpoenaed by federal prosecutors deepening their probes into the collapse of Lehman Brothers Holdings Inc.

The subpoenas request information from unnamed brokerage firms about whether their analysts were misled by Lehman executives in conference calls and one-on-one conversations about the firm's financial health as its stock was plummeting earlier this year, the Wall Street Journal reported Wednesday, citing sources familiar with the matter.

Analysts who had frequent contact with Lehman executives in the months preceding the firm's collapse...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.