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Madison Niche Opportunities buys $1.57 million claim against Federal-Mogul debtor
By Caroline Salls
Pittsburgh, April 2 - Madison Niche Opportunities, LLC bought GE Plastics/GE Polymerland's $1.57 million claim against Federal-Mogul Corp. debtor Federal-Mogul Global, Inc., according to a Monday filing with the U.S. Bankruptcy Court for the District of Delaware.
Federal-Mogul, a Southfield, Mich.-based auto parts manufacturer, filed for bankruptcy on Oct. 1, 2001. Its Chapter 11 case number is 01-10578.
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