Lehman Probed by U.S. Attorneys: Report

At least three U.S. attorney offices are probing whether Lehman Brothers misled investors before its bankruptcy filing, as pressure grows to hold individuals accountable for the financial crisis, the Wall Street Journal reports.

Criminal prosecutors from two New York City boroughs and from New Jersey are looking into whether Lehman was saying publicly that its financial condition was sound while acknowledging behind the scenes that its situation was dire. A disparity such as this could allow prosecutors to bring a case charging that executives had fraudulently misled shareholders, according to the Journal.

Lehman declined to comment. But in congressional testimony on Monday, Richard Fuld, Lehman's CEO, said the firm didn't mislead investors. ...