A Lehman Brothers whistleblower warned his bosses that accounting gimmicks the bank used before its collapse may have been illegal, his lawyer said Friday. Matthew Lee, a former Lehman senior vice president, was fired days after questioning the accounting tricks in a letter to his superiors, attorney Erwin ...

WASHINGTON (Reuters) - The chairman of the Senate Banking Committee on Friday wrote to the Justice Department urging establishment of a task force to probe possible violations of the law at Lehman Brothers and other firms. "I am deeply concerned about the facts that have come to light regarding the demise of Lehman Brothers and the accounting manipulation that contributed to ...

Senate Banking Committee Chairman Christopher Dodd is asking Attorney General Eric Holder to investigate the circumstances that led to the spectacular collapse of Lehman Brothers. Dodd's request comes in the wake of a post-mortem review of Lehman's finances that found Lehman used an accounting gimmick to hide its ...

A senior US senator urged Attorney General Eric Holder Friday to create a task force to investigate possible criminal conduct behind the collapse of Wall Street giant Lehman Brothers. "I am deeply concerned about the facts that have come to light regarding the demise of Lehman Brothers and the accounting manipulation that contributed to it," Senate Banking Committee Chairman Chris ...