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On September 15, 2008, financial services firm Lehman Brothers filed for bankruptcy with the U.S. Bankruptcy Court in the Southern District of New York.102 That

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On September 15, 2008, financial services firm Lehman Brothers filed for bankruptcy with the U.S. Bankruptcy Court in the Southern District of New York.102 That action-the largest Chapter 11 filing in financial history- unleashed a "crisis of confidence that threw financial markets worldwide into turmoil, sparking the worst crisis since the Great Depression." The fall of this Wall Street icon is, unfortunately, not a new one, as we've seen in the stories of Enron, WorldCom, and others. In a report released by bankruptcy court-appointed examiner Anton Valukas, Lehman executives and the firm's auditor, Ernst & Young, were lambasted for actions that led to the firm's collapse. He said, "Lehman repeatedly exceeded its own internal risk limits and controls, and a wide range of bad calls by its management led to the bank's failure "

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