JPMorgan, Royal Bank of Scotland buy $27.58 million of Lehman claims

By Caroline Salls

Pittsburgh, Aug. 4 - JPMorgan Chase Bank, NA and the Royal Bank of Scotland plc bought a total of $27.58 million in claims against Lehman Brothers Holdings Inc., according to Wednesday filings with the U.S. Bankruptcy Court for the Southern District of New York.

Specifically, JPMorgan bought a $20.53 million claim from Banco de Oro Unibank, Inc., and Royal Bank of Scotland bought a $7.05 million claim from Integrys Energy Services, Inc.

New York-based Lehman Brothers Holdings 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.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.