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Legal Commentary

: FORTUNE Legal Pad

Lehman: stress test for bankruptcy laws

By rparloff

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With this morning’s Chapter 11 filing by Lehman Brothers’ parent company (LEH), we’re about to find out whether the bankruptcy laws cushion the impact of a behemoth investment bank’s insolvency on our financial system — as intended — or if those laws, instead, inadvertently exacerbate the problem. The rules have never been tested as they’re [...]

Full post as published by FORTUNE Legal Pad on September 15, 2008 (boomark / email).

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