After Lehman Brothers Holding Co. filed for bankruptcy, lawsuits have been flying. One in particular is in the heart of Silicon Valley, California’s San Mateo County. Suing execs and accountants for $150 million in losses, Lehman Bros. is in for a bumpy ride.

Filed Thursday, individual execs such as chief executive officer Richard Fuld and Ernst & Young, the firm’s accountants and others were named in the suit. Accusing Fuld and others of fraud, the lawsuit claims that the team allegedly made it appear publicly that the company was financially strong while in reality they were “scrambling to save it from collapse.”

The suit is asking for a return of exec’s bonuses to repay for damages suffered by the county’s schools, hospitals, transit district and individual cities. Weil Gotshal & Manges in New York are representing Lehman’s bankruptcy case and have not commented on this story.

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