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03/12/2010 09:27:25 PM EST

Examiner unveils Lehman accounting tricks

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LexisNexis Bankruptcy Law Community Staff

WASHINGTON-(AP) An accounting gimmick called Repo 105 provided financial relief for Lehman Brothers in the months before its spectacular collapse, an autopsy of the once-venerable Wall Street house has found. The question now is whether the trickery spells legal jeopardy for executives of Lehman or its auditors Ernst & Young.

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