The examiner of Lehman Brothers’ bankruptcy proceedings, Anton Valukas of Jenner & Block, released his report on March 11.

The examiner found that Lehman, in an effort to boost investor confidence, had “painted a misleading picture of its financial condition.”

Among other things, the report details Lehman's use of an accounting device, known as "Repo 105," to temporarily remove $50 billion of assets from the firm's balance sheet in 2008. The device lowered Lehman's net leverage -- a measure closely monitored by rating agencies -- to 12.1 from 13.9 in the second quarter of 2008.

• Examiner’s report 

12 Mar 2010 -

Balance sheet high-jinx

12 Mar 2010 -

The Fuld Monty

5 Jun 2008 -

Short shrift