The concern among U.S. officials past and present is Europe risks failing to heed lessons from the failure of Lehman Brothers, which triggered chaos in which financial institutions lost or wrote off almost $1 trillion, the Standard & Poor’s 500 Index...

Feb. 18 (Bloomberg) -- Ernst & Young LLP, bankrupt Lehman Brothers Holdings Inc.'s former auditor, should "disgorge" $125 million in fees earned in an alleged fraud involving so- called Repo 105 transactions that concealed tens of billions of dollars...

Attorney General Eric Schneiderman asked a judge today to let him pursue the suit after the auditing firm tried to get it dismissed. The state is limited by law from recovering the fees for itself or for Lehman’s former shareholders, Ernst & Young said.

18 (Bloomberg) -- Ernst & Young LLP, former auditor of bankrupt Lehman Brothers Holdings Inc. , should “disgorge” $125 million in fees earned in an alleged fraud that used so-called Repo 105 transanscations to conceal tens of billions of dollars in...

That was above a Reuters poll forecast in December that the index would finish 2012 at 1,340. Like us on Facebook A break above 1,370 would put the S&P 500 at its highest value since June 2008, before the September 2008 collapse of Lehman Brothers...

Lehman Brothers Holdings Inc. (LEHMQ) asked a judge to let it pursue its $8.6 billion lawsuit against JPMorgan Chase & Co. (JPM), saying recent court decisions confirmed its right to try to recover the money, according to a bankruptcy court filing today...