Lehman Brothers To File For Chapter 11 Bankruptcy

Lehman Brothers Holdings Monday said it intends to file a petition under Chapter 11 for bankruptcy protection.

In a statement, Lehman said that none of its broker-dealer subsidiaries or other subsidiaries would be included in the bankruptcy filing and will continue to operated.

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Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire