Courtesy photo Declined Credit Extension, Failed Merger Talks Led to Schnader Closure
The firm had engaged in unsuccessful merger discussions with Dilworth Paxson, according to multiple sources.
August 14, 2023 at 05:49 PM
2 minute read
Schnader Harrison Segal & Lewis' decision to dissolve after nearly 90 years came in the wake of failed merger talks and a declined credit extension from its bank, according to a notice shared by the firm with Pennsylvania and Philadelphia authorities.
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