Lehman's Asian Posts Feel Heat From Ch. 11 Filing

Law360 (September 16, 2008, 12:00 AM EDT) -- Lehman Brothers Holdings Inc.'s Chapter 11 filing is making waves for its subsidiaries across the globe, with the bankrupt investment titan's Japanese divisions filing for bankruptcy in a Tokyo district court and its Asian affiliates suspending business transactions.

On Tuesday, just a day after Lehman Brothers declared bankruptcy in the U.S. District Court for the Southern District of New York, Lehman Brothers Holdings Japan Inc. and Lehman Brothers Japan said they would commence civil rehabilitation procedures under the Japan Civil Rehabilitation Law in the Tokyo District...
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