Storied brokerage firm Lehman Brothers filed for Chapter 11 bankruptcy protection Monday, the latest casualty of a credit crisis that has rocked Wall Street firms to their core. It is one of the nation's largest corporate bankruptcies ever and is Wall Street's most dramatic failure since Drexel Burnham Lambert in the late 1980s.

The petition was filed in New York's Southern District Bankruptcy Court, the site of numerous high-profile bankruptcy cases. The judge overseeing the case is James Peck.

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