Calif County Accuses Lehman Executives, Auditor Of Fraud In Suit

Calif County Accuses Lehman Executives, Auditor Of Fraud In Suit: "The San Mateo County (Calif.) Investment Pool sued executives of bankrupt Lehman Brothers Holdings Inc. (LEHMQ) and their accountants, accusing them of fraud, deceit and misleading accounting practices that led to the loss of more than $150 million in county funds.

The suit, filed in San Francisco Superior Court, said executives of the former Wall Street investment bank made repeated public statements about its financial strength while privately scrambling to save it from collapse."