Court: San Mateo County can go after Lehman Bros.
SAN MATEO COUNTY, Calif. (KGO) -- A federal court has ruled the County of San Mateo can go after Lehman Brothers. The county lost more than $150 million after Lehman went bankrupt in 2008.
The U.S. Court's decision allows the county of San Mateo to move forward on claims that Lehman's accounting gimmicks, which allegedly led to its collapse, began years earlier than had been previously reported and investigated.
san mateo county, bankruptcy, peninsula news
- Frigid Bay Area weather takes deadly turn
- Only On 7: Federal drug agents sweep Tenderloin 1 min ago
- Protesters halt Google's commuter bus in SF 49 min ago
- Man held in N. Korea say statement was coerced
- Female teacher arrested for sexually abusing student
- As student, Obama drew inspiration from Mandela
- Police seeking man who went missing from care home
- 18 LA sheriff's deputies face criminal charges
- Judge to determine if Oikos shooter fit to stand trial
- Winter Spare the Air called through Tuesday
- Photos: Record low temperatures freeze the Bay Area
- abcnews: Newlyweds accused in thrill-kill murder
- roundup: Rising tides; Teen shot in SF
- weather: Bay Area weather forecast for Tuesday
- Protesters halt Google's commuter bus in SF
49 min ago
Most Viewed StoriesMost Viewed Photos