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 (wsj.com/business/weil-gotshal-leaders-discussi…). We hear from WSJ legal affairs reporter Erin Mulvaney (wsj.com/news/author/erin-mulvaney?mod=WSJ_WNPOD) about what’s behind the firm’s extraordinary fall. Plus, the Federal Reserve holds rates steady (wsj.com/economy/central-banking/federal-reserv…). But as Journal economics reporter Matt Grossman (wsj.com/news/author/matt-grossman?mod=WSJ_WNPOD) 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 (wsj.com/world/americas/flavio-bolsonaro-fled-b…) with his family. WSJ national security reporter Vera Bergengruen (wsj.com/news/author/vera-bergengruen?mod=WSJ_W…) discusses how the Trump administration is involved and what Bolsonaro plans to do now. Alex Ossola hosts.

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