Richard Fuld, the former chief executive officer of defunct Lehman Brothers Holdings Inc., said the Wall Street firm reported certain repo transactions as sales because accounting rules required it to do so.
The North Carolina Utilities Commission hired Jenner & Block Chairman Anton Valukas to aid in its probe of whether it was misled when it approved Duke Energy Corp.’s takeover of Progress Energy Inc., the law firm said.
Hugh E. McGee III, a former Lehman Brothers Holdings Inc. oil banker, fired his gun into upstate New York’s sky last year. Clients and colleagues, who know him as Skip, watched the one duck tagged with a ribbon fall.
Lehman Brothers Holdings Inc. may have grounds to sue Goldman Sachs Group Inc. and Barclays Plc after they demanded $1.2 billion in additional margin to assume trading positions auctioned by a Chicago exchange, bankruptcy examiner Anton Valukas said.
Anton Valukas, the examiner who wrote a 2,209-page report about the downfall of Lehman Brothers Holdings Inc. , will ask the bankruptcy judge at a June 17 hearing to give him a release, prevent anyone from suing him and his lawyers, and prohibit anyone from calling him as a witness.
Robert Byman, the Jenner & Block LLP partner who represented Lehman Brothers Holdings Inc.’s bankruptcy examiner Anton Valukas, is conducting the National Futures Association’s internal review of its auditing procedures and its oversight of bankrupt Peregrine Financial Group Inc.
Lehman Brothers Holdings Inc. was sued for an “abuse” of repurchase agreements that effectively “looted” $450 million from a Bermuda reinsurance unit when the assets were pledged to the unit’s biggest lender.