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.
General Motors Co.’s internal investigation into why it took more than a decade to recall vehicles linked to fatal flaws will lead to employees being dismissed and clear Chief Executive Officer Mary Barra of wrongdoing, according to people familiar with the effort.
General Motors Co. hired Jenner & Block LLP Chairman Anton Valukas, who served as a U.S. Justice Department-appointed examiner of the downfall of Lehman Brothers Holdings Inc., to help lead an internal probe of an ignition- switch failure tied to at least 13 deaths.
Mike Robinson, General Motors Co. vice president of sustainability and global regulatory affairs, is the highest-ranking executive dismissed by the automaker as it investigates defective parts linked to 13 deaths, said a person familiar with the matter.
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.