Lehman Brothers Hedge Funds Collapse
Lehman Brothers Lawyers Investigating Hedge Funds
Nearly two years after the collapse of Lehman Brothers, some on Wall Street still wonder whether a handful of the nation’s most powerful hedge funds conspired to push the 158-year-old financial giant into bankruptcy while making big profits for themselves.
Now, in search of a smoking gun, a law firm hired by the estate of Lehman Brothers Holdings has demanded trading records, e-mail and other correspondence for all of 2008 from a collection of prominent hedge funds and the venerable Goldman Sachs.
The firms named in the inquiry make up a Who’s Who of the hedge fund world, and include SAC Capital Advisors, run by Steven A. Cohen; Greenlight Capital, managed by David Einhorn; the Citadel Investment Group, led by Kenneth C. Griffin; and Och-Ziff Capital Management, whose chief executive is Daniel Och. Source