Repo 105: plaintiffs win ground on 'misleading' risk and leverage statements

Lehman executives and Ernst & Young lose fight to dismiss charges of deceit


A New York federal judge has cleared investors to carry on with a lawsuit against executives and auditors of the failed investment bank Lehman Brothers. Judge Lewis Kaplan dismissed some of the charges brought by a group of investors in Lehman financial products and equity, but said the executives – including chief executive Dick Fuld and former chief financial officers Christopher O'Meara, Joseph Gregory, Erin Callan and Ian Lowitt – and the bank's auditors, Ernst & Young, still had a case to

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