Bankruptcy court hears that Och-Ziff had information on shorting Lehman

One of the world's biggest hedge funds allegedly knows of efforts to "short and distort" the bank's stock

Lehman Brothers Holdings says Och-Ziff Capital Management, one of the world's biggest hedge funds, has information about efforts to "short and distort" the investment bank's stock before its collapse in September 2008.

According to a bankruptcy court filing, Lehman's lawyers said an investigation into the source of "false rumours" that helped bring down the investment bank indicate Och-Ziff "was involved with, or has information that pertains to short and distort' efforts" regarding Lehman securities.

WSJ Logo
Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire