Lehman Brothers Holdings used accounting gimmicks and had been insolvent for weeks before it filed for bankruptcy in September 2008.
The judge overseeing Chrysler’s bankruptcy case said on Friday he would issue an opinion ”sometime on Monday” on the carmaker’s proposed sale.
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/ 20 September 2008
A US bankruptcy judge has approved a revised version of British bank Barclays’s deal to purchase the core US business of Lehman Brothers.