SPCP Group buys $15 million in claims against Calpine

By Reshmi Basu

New York, Aug. 15 - SPCP Group, LLC bought $15 million of Bear Stearns Investment Product Inc,'s claims against Calpine Corp,, according to a Wednesday filing with the U.S. Bankruptcy Court for the Southern District of New York.

Specifically, SPCP bought three separate claims, worth $5 million each, out of an original claim amount of $65 million.

Calpine, a San Jose, Calif., power company, filed for bankruptcy on Dec. 20, 2005. Its Chapter 11 case number is 05-60200.

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