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Serengeti Rapax buys $11.4 million of JPMorgan claims against Lehman
By Caroline Salls
Pittsburgh, May 5 - Serengeti Rapax MM LP bought $11.4 million of JPMorgan Chase Bank, NA's claims against Lehman Brothers Holdings Inc., according to Wednesday filings with the U.S. Bankruptcy Court for the Southern District of New York.
Specifically, Serengeti bought two $5.7 million claims against Lehman.
New York-based Lehman Brothers Holdings Inc. was the fourth-largest investment bank in the United States. The company filed for bankruptcy on Sept. 15, 2008. Its Chapter 11 case number is 08-13555.
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