The largest bankruptcy in history was of the US investment bank Lehman Brothers Holdings Inc., which listed $ 639 billion in assets as of its Chapter 11 filing in 2008.

They were used extensively following the collapse of Lehman Brothers in September 2008, when the market for certain types of assets held by hedge funds collapsed, preventing the funds from selling or obtaining a market value for the assets.

In other words, even though low average correlations may appear to make hedge funds attractive this may not work in turbulent period, for example around the collapse of Lehman Brothers in September 2008.

* 2008 – Lehman Brothers files for Chapter 11 bankruptcy, triggering the 2008 financial crisis.

* 2008 – Lehman Brothers files for Chapter 11 bankruptcy, the largest bankruptcy filing in U. S. history.

* 2008 – Following the bankruptcies of Lehman Brothers and Washington Mutual, The Dow Jones Industrial Average falls 777. 68 points, the largest single-day point loss in its history.

On September 15, 2008, a wider financial crisis became evident when Lehman Brothers filed for Chapter 11 bankruptcy along with the economic effect of record high oil prices which reached almost $ 150 per barrel two months earlier.

Holding such " toxic " assets has led to the demise of several investment banks such as Lehman Brothers and other financial institutions during the subprime mortgage crisis of 2007-09 and led the US Treasury to seek congressional appropriations to buy those assets in September 2008 to prevent a systemic crisis of the banks.

On July 21, 2002, WorldCom filed for Chapter 11 bankruptcy protection in the largest such filing in United States history at the time ( since overtaken by the collapses of both Lehman Brothers and Washington Mutual in a span of eleven days in September 2008 ).

In 2008 Nick Lehman won the Class 3A State Boys Single title and in 2006 Brad Fenter & Kelly Clifton won the Class 3A State Mixed Doubles title.

in 2008 didn't succeed, as the deal would have closed in the aftermath of the 2008 financial meltdown and collapse of Lehman Brothers.

Former Chief Operating Officer Joseph G. Lehman was named the Mackinac Center ’ s president on September 1, 2008.

A 2008 column by Mackinac Center President Joseph Lehman stated:

The MV Governor Herbert H. Lehman, sold at auction by the city in 2008, is currently undergoing renovations at Steelways Shipyard in Newburgh, New York.

The CDS on Lehman were settled smoothly, as was largely the case for the other 11 credit events occurring in 2008 that triggered payouts.

) For example, at the time it filed for bankruptcy on September 14, 2008, Lehman Brothers had approximately $ 155 billion of outstanding debt but around $ 400 billion notional value of CDS contracts had been written that referenced this debt.

That transaction closed in October 2003 and from that time, until 2008, Neuberger Berman served as the asset management arm of Lehman Brothers ’ Investment Management Division.

On September 15, 2008, virtually unprecedented volatility in global securities markets resulted in Lehman Brothers ’ collapse and bankruptcy filing.

On September 29, 2008, Lehman agreed to sell its asset management businesses, including Neuberger, to a pair of private-equity firms, Bain Capital Partners and Hellman & Friedman, for $ 2. 15 billion.

Nomura Holdings hit the global headlines in October 2008, when it acquired most of Lehman Brothers Asian operations together with its European equities and investment banking units.

In October 2008, Nomura acquired most of Lehman Brothers Asian operations together with its European equities and investment banking units to make one of the world's largest independent investment banks with Y20, 300bn (£ 138bn ) assets under management.

To illustrate this during the 2008 debt crisis ; the government and international institutions did not prop Lehman Brothers up therefore allowing them to file bankruptcy.

In September, 2008, the three Santo Daime churches filed suit in federal court to gain legal status to import DMT-containing ayahuasca tea.

Nevertheless, they divorced in August 2008, citing irreconcilable differences, but according to a court petition later filed by Price, continued to live together as husband and wife until his death.

IKEA has taken over title sponsorship of Philadelphia's annual Thanksgiving Day parade in 2008, replacing Boscov's, who filed for bankruptcy in August 2008.

They subsequently married ( between 1993-1996 ), filed for divorce on the week of 2007-08-10, and were granted the divorce in January, 2008.

In November 2008 Japan filed a request to expand its claimed continental shelf.

Spader filed for divorce from Kheel in 2004 and,, has plans to marry his girlfriend ( and former Alien Hunter co-star ), Leslie Stefanson, with whom he had a child in August 2008.

In August 2008, Bradley Blakeman, a former aide to George W. Bush, filed a copyright lawsuit in federal court on Long Island over Grammer's movie Swing Vote, claiming that parts of its plot and marketing had been stolen from him.

On June 11, 2008, the band and manager Burt Stein filed suit against each other.

When the FDA failed to respond to these two petitions as required by law, Public Citizen, in January 2008, filed suit to compel the FDA to respond to their 2006 petition.

According to accounts filed with the Electoral Commission for the year ending 2010, the party had a membership of 16232, up from 15, 097 in 2008 and 9, 450 in 2003.

The heirs of Tolkien, including his son Christopher Tolkien, filed suit against New Line Cinema in February 2008 seeking payment of profits and to be " entitled to cancel ... all future rights of New Line ... to produce, distribute, and / or exploit future films based upon the Trilogy and / or the Films ... and / or ... films based on The Hobbit.

She married Daniel Erickson in 2002 ; the marriage lasted for six years and Smith filed for divorce on May 21, 2008, citing once again irreconcilable differences.

On December 11, 2008, the Free Software Foundation filed suit against Cisco regarding Cisco's failure to comply with the GPL and LGPL license models and make the applicable source code publicly available.

On April 3, 2008, The U. S. Court of Appeals for the Second Circuit threw out a $ 800 billion class-action lawsuit filed on behalf of a group or class of people who smoked light cigarettes.

Weber filed an appeal at the end of April, 2008 and the case is still ongoing.

In July 2008 a federal judge dismissed the second lawsuit filed against Dunne.

Several insurance companies filed a $ 7 million suit against the government in the fall of 2008, claiming that Barton was negligent in her duties.

In August 2008, Mercedes-Benz U. S. International Inc. filed suit against Cobasys claiming that Cobasys isn ’ t delivering the batteries it agreed to build for Mercedes-Benz ’ s planned hybrid SUV.

Less than a year after the deal closed, the Tribune Company filed for Chapter 11 bankruptcy protection on December 8, 2008.

After a $ 124 million dollar third-quarter loss, the Tribune Company filed for Chapter 11 bankruptcy protection on December 8, 2008.

The Newark Bears, under former owner Marc Berson, filed Chapter 11 bankruptcy on October 24, 2008.