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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.

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