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From Precy Dumlao, Opalesque Asia:

Majority of business leaders surveyed by Argyle Executive Forum, a membership-based professional services firm, believe that Ernst & Young "had a material role in the collapse of Lehman Brothers," and that the Attorney General should move forward with fraud charges against the accounting and auditing firm.

At least 39.2% of those polled voted that Ernst & Young had a role in the fall of Lehman Brothers, while 35.5% say Ernst & Young did not had a material role. Some 25.3% say they are of unsure.

A big 48.4% of the respondents agree with the move of New York Attorney General Andrew Cuomo to proceed with the fraud charges against Ernst & Young. On the other hand, a minority 27.3% say they disagree with Cuomo. At least 24.3% are undecided.

Related article: NY prosecutors set to sue Ernst & Young over Lehman collapse From Reuters.com: Prosecutors in New York are set to file civil fraud charges against accounting firm Ernst & Young LLC over the collapse of Lehman Brothers Holdings Inc, the Wall Street Journal said on Monday, citing people familiar with the matter.

The suit, led by Andrew Cuomo, could come as early as this week and might seek to impose fines and other penalties, the paper said. A spokeswoman for Ernst & Young said the company did not comment on speculation and repeated a previous statement made by the firm about its dealings with Le......................

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