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  1. 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.

  2. Feb 13, 2015 · Drexel Burnham Lambert collapsed in scandal 25 years ago, but alumni of the once-powerful investment bank are now in some of Wall Street’s most powerful posts. The firm famous for high-yield...

  3. 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...

  4. 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...

  5. Feb 14, 1990 · Drexel Burnham Lambert Group defaults on $100 million loan and files for Chapter 11 bankruptcy protection.

  6. Feb 13, 2015 · Drexel Burnham Lambert, the investment bank famous for high-yield or "junk" bonds, filed for bankruptcy on Feb. 13, 1990 after several years of legal troubles.

  7. Dec 22, 1988 · MAY 12, 1986: Securities and Exchange Commission accuses Dennis B. Levine of Drexel Burnham Lambert of making $12.6 million in illegal trading on inside information since 1980. The next day...

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