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 Sunday, arrived in the U.S. today with his family. WSJ national security reporter Vera Bergengruen discusses how the Trump administration is involved and what Bolsonaro plans to do now. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Show: WSJ What’s News

Hosts: The Wall Street Journal