Lehman creditors sell $110.97 million of claims in five transactions

By Caroline Salls

Pittsburgh, Aug. 18 - Lehman Brothers Holdings Inc. creditors have sold $110.97 million of claims against the company, according to Wednesday filings with the U.S. Bankruptcy Court for the Southern District of New York.

Specifically, the sales included:

• Credit Suisse Securities (USA) LLC bought a $12.72 million claim from TPG Credit Opportunities Fund, LP and a $15.58 million claim from TPG Credit Opportunities Investors, LP;

• Sabretooth Master Fund, LP bought two $15 million claims from Merrill Lynch Credit Products, LLC; and

• C.V.I.G.V.F. (Lux) Master Sarl bought a $52.67 million claim from Bosque Power Co., LLC.

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.

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