Lehman will seek initial approval of asset sale
Lehman Brothers will seek initial approval of asset sales Tuesday afternoon in the first hearing scheduled in its day-old bankruptcy case.The hearing comes a day after the country's No. 4 investment bank filed the biggest bankruptcy case in US history.
NEW YORK A bankruptcy judge decided early Saturday that Lehman Brothers can sell its investment banking and trading businesses to Barclays, the first major step to wind down the nation's fourth-largest investment bank.