Gleacher & Company announced Thursday that it plans to liquidate operations after failing to find a buyer. Covington & Burling and Delaware’s Potter Anderson & Corroon are advising on the dissolution.
Founded by noted financier Eric Gleacher, the New York–based boutique financial services firm of the same name has been limping along since closing its investment banking business last year and naming Christopher Kearns—executive director of restructuring firm the Capstone Advisory Group—as its new CEO.
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