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In page Center for Policy and Research:
"The Center's corporate team recently published a report examining the investigation of Lehman Brothers’ business practices undertaken by the U.S. Bankruptcy Court Examiner in the largest bankruptcy ever filed. The Center focused primarily on Lehman’s risk management and asset valuation—two aspects of company worth not readily available or discernible to the investing public. It notes that Lehman’s conscious violation of internal risk limitations as well as its conscious failure to accurately value assets was, alarmingly, found insufficient as a matter of law by the Examiner to trigger legal sanctions against Lehman Brothers or even a reprimand.[1]
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