The Downfall of Weil Gotshal
P.M. Edition for Oct. 28. Last year, Weil Gotshal, a firm famous for handling bankruptcies of companies like Lehman Brothers and Enron, raked in more than $2 billion in revenue. Today, its leaders announced a plan to dissolve the firm. We hear from WSJ legal affairs reporter Erin Mulvaney about what’s behind the firm’s extraordinary fall. Plus, the Federal Reserve holds rates steady. But as Journal economics reporter Matt Grossman explains, dissents from two officials suggest that another rate hike might be close at hand. And Flávio Bolsonaro, who lost Brazil’s presidential election on…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.