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Varde Investment Partners buys $37.19 million in claims against Musicland
By Caroline Salls
Pittsburgh, June 6 - Varde Investment Partners, LP bought $37.19 million in claims against Musicland Holding Corp., according to Tuesday filings with the U.S. Bankruptcy Court for the Southern District of New York.
Varde bought a $29.11 million claim from Sony BMG Music Entertainment and an $8.08 million claim from EMI Music North America.
Musicland, a Minnetonka, Minn., specialty retailer of pre-recorded entertainment software products, filed for bankruptcy on Jan. 12. Its Chapter 11 case number is 06-10064.
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