Contrarian Funds buys $4.60 million in claims against Delphi

By Jennifer Chiou

New York, March 10 - Contrarian Funds, LLC bought $4.60 million in claims against Delphi Automotive Systems LLC, according to Friday filings with the U.S. Bankruptcy Court for the Southern District of New York.

Contrarian purchased a $3.41 million claim from Strattec Security Corp. of Milwaukee, Wis., and a $1.19 million claim from Blissfield Manufacturing Co. of Blissfield, Mich.

Delphi, a Troy, Mich.-based automotive electronics manufacturer, filed for bankruptcy on Oct. 8. Its Chapter 11 case number is 05-44481.

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