finances of Lehman Brothers. This report revealed that Lehman Brothers used an accounting procedure termed repo 105 to temporarily exchange $50 billion of assets into cash just before publishing its financial statements. The action could be seen to implicate both Ernst & Young, the bank's accountancy firm and Richard S. Fuld, Jr, the former CEO. This could potentially lead to Ernst & Young being found guilty of financial malpractice and Fuld facing time in prison. According to The Wall Street Journal, in March 2011, the SEC announced that they weren't confident that they could prove that Lehman Brothers violated US laws in its accounting practices. In October 2011 the administrators of Lehman Brothers Holding Inc. lost their appeal to overturn a court order forcing them to pay £148 million into their underfunded pensions plan. As of January 2016, Lehman paid more than $105 billion to its unsecured creditors. In addition, JPMorgan will pay $1.42 billion in cash to settle a lawsuit accusing JPMorgan of draining Lehman Brothers liquidity right before the crash. The settlement would permit another $1.496 billion to be paid to creditors and a separate $76 million deposit. Merger and acquisition history The following is an illustration of the company's major mergers and acquisitions and historical predecessors (this is not a comprehensive list): Former officers Richard S. Fuld Jr. Scott J. Freidheim Bart McDade Joe Gregory Ian Lowitt, chief financial officer at the time of Lehman's collapse Jessie Bhattal Jeremy Isaacs (not Sir Jeremy Isaacs, the British television producer and executive) Hugh McGee George Herbert Walker IV Frederick M. Warburg Michael Gelband Joseph Rosenberg In popular culture The events of the weekend leading up to Lehman's bankruptcy are dramatized in the 2009 BBC television film The Last Days of Lehman Brothers. In the 2010 animated film Despicable Me, the main character Gru visits the Bank of Evil, which funds all evil plots for villains around the world and has a sign reading "Formerly Lehman Brothers". The 2011 drama film Margin Call focuses on the events of a 24-hour period at a large investment bank based on amalgam of investment banks, drawing heavily from the culture of Lehman Brothers. However, the events in the film are primarily a depiction of the actions of Goldman Sachs. The 2011 HBO film Too Big to Fail recounts the days before Lehman Brothers declared bankruptcy and the fallout afterward. The 2011 film Horrible