Dutch and Belgian investors plan to sue Lehman counterparties


NETHERLANDS/BELGIUM - A group of Dutch and Belgian investors is planning to sue ABN Amro and KBC who acted as counterparties in trades with Lehman Brothers and Ernst & Young who audited the bank's accounts.

Investors alleged Lehman Brothers engaged in "potentially irregular trades" with ABN Amro in the Netherlands and KBC in Belgium in order to "disguise its poor financial position". Accounting firm Ernst...

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