Lehman Brothers Financial SA (LEHNQ)

[DJN]

Lehman Brother the largest and longest LOL bankruptcy in HISTORY.

> Date of filing: September 15, 2008
> Type of filing: Chapter 11
> Asset value: $691.06 billion

The first — and largest — of bank failures, the once-mighty investment bank invested heavily in subprime mortgages, and when the value of those assets went to zero, Lehman had no choice but to close the 158-year old bank. Bits and pieces of the company remain among other financial firms like Barclays and Nomura Securities. The bank's failure was the subject of a book and movie both titled "Too Big to Fail."

During the BK process Lehman has drastically reduced their debt

Some history from the History channel...

https://www.history.com/this-day-in-history/lehman-brothers-collapses