What happened to Lehman Brothers in September 2008?
A) The firm was bailed out by the U.S. government.
B) The firm announced the largest takeover in U.S. history.
C) The firm announced the largest merger in U.S. history.
D) The firm filed for bankruptcy, which was the smallest bankruptcy in U.S. history.
E) The firm filed for bankruptcy, which was the largest bankruptcy in U.S. history.

Question

Quizplus · Accepted Answer

Lehman Brothers filed for bankruptcy on September 15, 2008, which was the largest bankruptcy in U.S. history up until that time.

What Happened to Lehman Brothers in September 2008