From the Department of Big Oopses.
According to The ABA Journal Online
, an associate at Cleary Gottlieb messed up when converting an Excel file to a PDF.
How much? Oh, by adding in previously hidden rows, which added 179 new contracts to a Barclays Capital agreement to buy Lehman Brothers assets. The error took about 3 weeks to be discovered and, instead of just deleting and reformatting, is now the subject of a motion in Bankruptcy Court. In all fairness, the hidden rows were created by a Lehman employee, and the whole thing was done under extreme time pressure.
And the moral of this tale is -- take your pick --
- Don't rush
- Blame the Associate
- It'll all wash out in Bankruptcy Court
- Lehman has the mark of Satan on it and, therefore, **** happens no matter what you do
- What was the question again?
- Other ___ (fill in here)