A U.S. Bankruptcy Court judge has approved Lehman Brothers Holdings Inc.’s $767 million settlement with Freddie Mac — an agreement that releases hundreds of millions of dollars to return to the failed investment bank’s creditors. Freddie Mac was seeking a ...

Tagged with: bankruptcy court Freddie Mac Lehman Brothers settlement

NEW YORK CITY — New York’s attorney general filed a civil lawsuit Tuesday accusing the accounting firm Ernst & Young of helping the defunct investment bank Lehman Brothers deceive investors about its financial health.

Tagged with: Andrew Cuomo Banking Lehman Brothers

NEW YORK CITY — Accounting firm Ernst & Young LLC may face civil fraud charges in New York for its alleged role in the demise of Lehman Brothers, according to a report.

Tagged with: Andrew Cuomo Attorney General Lehman Brothers

WASHINGTON, D.C. — Federal Reserve Chairman Ben Bernanke told a panel investigating the financial crisis that regulators must be ready to shutter the largest institutions if they threaten to bring down the financial system.

Tagged with: AIG Ben Bernanke Fed Lehman Brothers

NEW YORK CITY — The estate of Lehman Brothers Holdings Inc. claims JPMorgan Chase & Co. helped drive Lehman into bankruptcy by forcing it to give up billions of dollars in cash reserves that it otherwise could have used to stay afloat.

Tagged with: Bankruptcy JPMorgan Chase and Co. lawsuit Lehman Brothers