www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

WORLD> Photo
Lehman Brothers files for Chapter 11 protection
(Agencies)
Updated: 2008-09-15 22:33
NEW YORK - Lehman Brothers, a 158-year-old investment bank choked by the credit crisis and falling real estate values, filed for Chapter 11 bankruptcy protection from its creditors on Monday and said it was trying to sell off key business units.

Workers stand outside the office of U.S. investment bank Lehman Brothers, in the Canary Wharf district of London on September 15, 2008. The ruptured U.S. financial system faces an unprecedented shake-up with Lehman Brothers filing for bankruptcy, Bank of America buying Merrill Lynch and the Federal Reserve saying for the first time it will accept stocks in exchange for cash loans. [Agencies]

The filing was made in the U.S. Bankruptcy Court in the Southern District of New York. The case had not yet been assigned to a judge.

Lehman's last hope of surviving outside of court protection faded Sunday after British bank Barclays PLC withdrew its bid to buy the investment bank.

Lehman learned at a last-minute meeting on Friday with federal officials that it would not be getting any emergency funding to give it the liquidity it needed, Chief Financial Officer Ian Lowitt said in an affidavit.

Lehman fell under the weight of $60 billion in soured real estate holdings and tighter a credit market that forced it to seek court protection.

The filing had been so hastily made that the company had not yet filed motions by Monday morning that are typically made on the first day, such as asking the court for permission to continue paying employees.

Filing for Chapter 11 protection allows a company to restructure while creditor claims are held at bay. The company most likely chose to file under Chapter 11, rather than a Chapter 7 liquidation, so that it could retain more control over the selling off of assets, said Stephen Lubben, the Daniel J. Moore professor of law at Seton Hall Law School. In a Chapter 7 filing, the court would immediately appoint a trustee to take over the case.

"I'm sure they think they could conduct a better liquidation themselves, and that's probably true," Lubben said.

The investment bank had said earlier that none of its broker-dealer subsidiaries or other units would be included in the Chapter 11 filing. It says it is exploring the sale of its broker-dealer operations and is in "advanced discussions" to sell its investment management unit.

In its bankruptcy petition, Lehman listed Citigroup among its biggest unsecured creditors, with about $138 billion in bonds as of July 2. The Bank of New York Mellon Corp. was listed as holding about $17 billion in debt.

Lehman said that as of May 31, it had assets of $639 billion and debt of $613 billion.


   Previous page 1 2 3 4 5 6 7 Next Page  
主站蜘蛛池模板: 91成人网 | 欧美在线高清视频 | 真人一级毛片全部免 | 18在线观看国内精品视频 | 国产成人精品s8p视频 | 日韩高清一级毛片 | 在线播放亚洲美女视频网站 | 一级一片免费播放 | 在线毛片网站 | 免费一区二区三区四区五区 | 欧美在线视频看看 | 国产第一福利影院 | 国产韩国精品一区二区三区 | 欧美色大成网站www永久男同 | 国产一区二区三区在线看 | 久久草在线视频播放 | 精品国产美女福利到在线不卡 | 97成人在线 | 扒开双腿猛进入爽爽在线观看 | 日本高清www片 | 91在线精品亚洲一区二区 | 正在播放国产乱子伦视频 | 亚洲二三区 | 日韩美女一区 | 日本免费人成黄页网观看视频 | 热e国产| 国产91成人精品亚洲精品 | 国产亚洲精品线观看77 | 欧美一级片在线 | 亚洲国产日韩欧美高清片a 亚洲国产日韩欧美在线 | 一级a俄罗斯毛片免费 | 免费毛片视频网站 | 亚洲黄色官网 | 欧美2区 | 性夜黄a爽爽免费视频国产 性夜影院爽黄a爽免费看网站 | 一级成人a毛片免费播放 | 国产精品女上位在线观看 | 二级毛片在线播放 | 国产在线播放成人免费 | 欧美高清一级 | 国产年成美女网站视频免费看 |