Knighthead Master Fund buys $3.35 million claim against former GM

By Caroline Salls

Pittsburgh, Aug. 19 - Knighthead Master Fund, LP bought a $3.35 million portion of Citigroup Global Markets Inc.'s $102.69 million claim against Motors Liquidation Co., according to a Thursday filing with the U.S. Bankruptcy Court for the Southern District of New York.

Motors Liquidation was formerly General Motors Corp., a Detroit-based automaker that filed for bankruptcy on June 1, 2009. The new General Motors Corp. emerged from Chapter 11 on July 10, 2009, and Motors Liquidation's Chapter 11 case number is 09-50026.

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