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Published on 3/15/2013 in the Prospect News Distressed Debt Daily.

Sea Port buys $3.72 million portion of Dewey & LeBoeuf notes claim

By Caroline Salls

Pittsburgh, March 15 - Sea Port Group Securities, LLC bought a $3.72 million portion of LJF Holdings, LLC's $62.97 million 6.1% series C senior secured notes claim against Dewey & LeBoeuf LLP, according to a Friday filing with the U.S. Bankruptcy Court for the Southern District of New York.

The transferred portion of the claim consists of a $3 million principal amount, $693,750 make-whole amount and $24,614 interest amount.

Dewey & LeBoeuf, a New York-based international law firm, filed for bankruptcy on May 28, 2012. Its Chapter 11 case number is 12-12321.


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