NewsE&Y sued over Lehman audit

E&Y sued over Lehman audit

Lehman �concealed losses with help of auditors�

Author: Emily Beattie

Publication date: 17 November 2008

Executives of Lehman Brothers and their accountants at Ernst & Young have been sued by an investment pool, for more than $150m (£102m).

Executives of Lehman Brothers (Richard Fuld, Christopher O�Meara, Erin Callan, Joseph Gregory) and members of Ernst & Young (E&Y) were sued by the San Mateo County Investment Pool for possible financial manipulations.