{"id":430389,"date":"2010-03-14T03:48:27","date_gmt":"2010-03-14T07:48:27","guid":{"rendered":"http:\/\/www.davidicke.com\/headlines\/31614-british-law-firm-conspired-to-hide-50bn-debts-of-wall-st-giant"},"modified":"2010-03-14T03:48:27","modified_gmt":"2010-03-14T07:48:27","slug":"british-law-firm-%e2%80%98conspired%e2%80%99-to-hide-50bn-debts-of-wall-st-giant","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/430389","title":{"rendered":"British Law Firm \u2018Conspired\u2019 to Hide $50bn Debts of Wall St Giant"},"content":{"rendered":"

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‘A top British law firm helped stricken banking giant Lehman Brothers hide its debts in the run-up to the bank’s collapse, a report said yesterday. Linklaters, one of the City’s ‘magic circle’ law practices, signed off questionable accounting techniques to disguise $50billion (\u00a336billion) debts. The 2,200-page report, published yesterday in America, found that Linklaters allowed ‘balance sheet manipulation’ while investors remained in the dark as to what was going on.<\/p>\n

Crucially, Lehman had turned to the UK<\/a> after it failed to find an American law firm who would sign off the activities, the report said. Linklaters advised Lehman that the accounting practice was allowed under English law.<\/p>\n

Read more: British Law Firm ‘Conspired’ to Hide $50bn Debts of Wall St Giant<\/a><\/p>\n

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