EY Says Omnicare May Doom Lehman Fraud Claims

By Pete Brush (April 3, 2015, 7:27 PM EDT) -- A New York federal judge ordered briefing Thursday on whether the Supreme Court's landmark Omnicare decision bears on fraud suits that accuse accounting firm Ernst & Young LLP of backing transactions that masked fallen brokerage Lehman Brothers Holdings Inc.'s fragile and deteriorating financial state....

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