Former Lehman Brothers CFOs Chris O’Meara and Erin Callan have been named in
a lawsuit alleging the bank failed to properly disclose its exposure to the
meltdown in subprime.
The defendants in the suit also include chief executive Richard Fuld and
Joseph Gregory, Lehman’s president and COO, as well as the bank itself, reports
‘Despite this tumultuous financial climate, Lehman Brothers made repeated
false and misleading statements touting the company’s sophisticated and
conservative risk management policies and assuring investors that it was highly
unlikely that the company would suffer significantly as a result of the mortgage
and credit market meltdown,’ the lawsuit said
The complaint claims Lehman shareholders lost tens of billions of dollars in
value as a result of the alleged misrepresentations.
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks
The firm reports 7.6% global fee income growth for the year ending 31 December 2016