The U.S. government and New York Attorney General Andrew Cuomo have opened a joint investigation into the credit-default swap market ``for potentially improper activity,'' the top federal prosecutor in New York said.
U.S. Attorney Michael Garcia said in a statement today that his office will try to ``determine whether any federal laws have been violated'' and will complement a probe by Cuomo's office.
``By combining the resources, expertise, and legal authorities of the two offices, we are taking a comprehensive approach to this important issue,'' Garcia said.
Federal prosecutors in Manhattan are also investigating Lehman Brothers Holdings Inc., according to the firm's lawyer, Harvey Miller.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment