BY AMIR EFRATI AND ASHBY JONES
A bankruptcy examiner's report about the accounting practices at Lehman Brothers Holdings Inc. is filled with legally charged language, calling the bank's financial statements "materially misleading" and saying its executives engaged in "actionable balance sheet manipulation."
If federal prosecutors in Manhattan and Brooklyn decide to bring criminal charges, juries may eventually come to agree with his conclusions. But legal experts say hurdles remain to criminal prosecutions that, while potentially surmountable, could also be significant.
The examiner, private attorney and former federal prosecutor Anton Valukas, said several of the firm's top executives approved or were aware of a questionable accounting method ...
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