Lehman Brothers has filed for bankruptcy after round-the-clock negotiations failed over the weekend and the last potential buyer, Barclays PLC, withdrew its bid. Lehman has hired Weil, Gotshal & Manges as its bankruptcy counsel, the same law firm that represented Drexel Burnham Lambert in its February 1990 bankruptcy, the New…
Sep 15, 2008 11:16 AM CDT