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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 apologized...
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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.
Nov 27, 2011 · Michael Milken of the investment firm Drexel Burnham Lambert developed a junk bond strategy that helped corporate raiders like Carl Icahn, Ronald Perlman and T. Boone Pickens raise the...
Feb 14, 1990 · June 1989: Michael R. Milken resigns from Drexel and announces that he will form his own financial consulting firm.
Mar 24, 1991 · The lawyer was Craig Cogut, who had done work for Mr. Milken's firm, Drexel Burnham Lambert Inc.; he was not Casey Cogut of Simpson, Thacher & Bartlett.
Feb 13, 2015 · Its head of junk bonds, Michael R. Milken, who had been caught up in a sweeping insider trading scandal, pleaded guilty to securities fraud in 1990, paid $600 million in fines and restitution...
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Apr 30, 1990 · Faced with the threat of expanded new charges, the former head of Drexel Burnham Lambert’s junk-bond department struck a tentative deal to plead guilty to six criminal counts and pay a $600...
