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Published on 3/11/2005 in the Prospect News Distressed Debt Daily.

Contrarian Funds buys $1.41 million Owens Corning claim

By Ellen Chang

Houston, March 11 - Contrarian Funds LLC bought a $1.41 million claim against Owens Corning Corp., according to a Thursday filing with the U.S. Bankruptcy Court for the District of Delaware.

Contrarian acquired the claim from Bemis Co. Inc. of Terre Haute, Ind.

Owens Corning, a Toledo, Ohio, building materials company, filed for bankruptcy on Oct. 5, 2000. Its Chapter 11 case number is 00-3837.


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