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Apr 1, 2015 · The tale of Drexel Burnham Lambert's unlikely rise, gargantuan heights, and calamitous fall is the story of Wall Street. A quarter of a century after Michael Milken wept in court as he...
- Stuck in Seattle
About 20 workers wearing hard hats and reflective vests...
- Betting The Farm
$35,100,000,000 $27,200,000,000 $40,800,000,000 through...
- Stuck in Seattle
Drexel Burnham Lambert Inc. was an American multinational investment bank that was forced into bankruptcy in 1990 due to its involvement in illegal activities in the junk bond market, driven by senior executive Michael Milken.
Feb 14, 1990 · February 5, 1990: Drexel Burnham Lambert Inc. reports loss of $40 million on revenues of $4.1 billion for 1989. February 13, 1990: Drexel Burnham Lambert Group, the holding company, is...
Feb 14, 1990 · Drexel Burnham Lambert Inc., the once-dominant investment house that fueled many of the biggest corporate takeovers of the 1980's, began selling off its securities yesterday, and its parent...
Mar 23, 1989 · March 23, 1989 12 AM PT. Times Staff Writer. NEW YORK — The federal investigation of Drexel Burnham Lambert claimed its first guilty verdict Wednesday when a jury convicted a 26-year-old...
Sep 12, 1989 · Sept. 12, 1989 12 AM PT. Times Staff Writer. NEW YORK — Drexel Burnham Lambert Inc. pleaded guilty Monday to six felony charges stemming from the activities of its Beverly Hills high-yield...
Sep 11, 1989 · Drexel Burnham Lambert Inc. today pleaded guilty to six felonies and agreed to pay a record amount of more than $650 million to settle criminal charges in the largest securities fraud case...
