Thursday, November 13, 2008

County Investment Pool Sues Lehman Brothers...go get 'em!

It is official. The County of San Mateo Investment Pool filed suit against Lehman Brothers after losing a ton of dough -- and everyone else's money too. From the County news folks:
The San Mateo County Investment Pool filed suit today against executives of failed Wall Street investment bank Lehman Brothers Holdings, Inc. and their accountants for fraud, deceit and misleading accounting practices that led to the loss of more than $150 million in San Mateo County funds.
Here are all the details.

No comments: