Shumaker Manufacturing

A Legal & Industry Review

Throwback Thursday – Lehman Brothers Chapter 11 Filing 8 Years Ago Today

Yale School of Management’s 2014 “Lehman Brothers Bankruptcy A” stated that Lehman’s demise was a seminal event in the financial crisis that began in the U.S. subprime mortgage industry in 2007, spread to the credit market and then burned through the world’s financial markets. The Lehman Brothers Chapter 11 case, the largest in U.S. history also produced the “Sale of the Century” Chapter 11 Section 363 sale to Barclays, as explored in the attached article published in the Winter 2010/11 edition of Eurofenix, a publication of INSOL Europe, the premier trade association of insolvency professionals in Europe.

US Sale of the Century: Five Days in September

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