Anton valukas lehman report jenner

Report on causes of Lehman brothers bankruptcy

The Report of Anton R. Valukas is an examination into the demise of Lehman Brothers, a formerly dominant global financial institution, that collapsed into bankruptcy during the 2007–2008 financial crisis.

Anton Valukas, chairman of the Chicago law firm Jenner & Block, was appointed by a bankruptcy court in New York in early 2009 to report on the causes of the Lehman bankruptcy.

With fellow authors, he produced a 2200-page document detailing their views on the inner workings of Lehman Brothers, and possible avenues for proceedings against culpable directors and shareholders.

The Valukas Report was made public following applications to the court on March 11, 2010.^[1]

Outline

Section I Executive Summary

Introduction

Lehman failed for a variety of reasons and the responsibility for the failure is shared by management, Lehman's high-risk investment bank business model and the failure