The Orderly Liquidation of Lehman Brothers Holdings Inc. under the Dodd-Frank Act

The Orderly Liquidation of Lehman Brothers Holdings Inc. under the Dodd-Frank Act, FDIC Quarterly, Early release for the upcoming 2011, Volume 5, No. 2

  • “The bankruptcy filing of Lehman Brothers Holdings Inc. (Lehman or LBHI) on September 15, 2008, was one of the signal events of the financial crisis. The disorderly and costly nature of the LBHI bankruptcy — the largest, and still ongoing, financial bankruptcy in U.S. history — contributed to the massive financial disruption of late 2008. This paper examines how the government could have structured a resolution of Lehman under the orderly liquidation authority of Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) and how the outcome could have differed from the outcome under bankruptcy.”
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    Posted in: Congress, Legal Research, Legislation
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