Lehman Brothers Holdings, which filed for bankruptcy in 2008, is looking to offload its $1.5 billion equity stake in the New York–based Neuberger Berman Group.
“Is this more serious than Lehman? Yes. Is this more systemic than Lehman? Yes.” So says Larry McDonald, who was vice president of distressed debt and convertible securities at Lehman Brothers Holdings during the collapse of the firm.
