Seaport Group buys $6.06 million in claims against Motors Liquidation

By Caroline Salls

Pittsburgh, July 20 - The Seaport Group LLC bought $6.06 million of Dale Earnhardt, Inc.'s claims against Motors Liquidation Co., according to Tuesday filings with the U.S. Bankruptcy Court for the Southern District of New York.

Specifically, Seaport bought two $3.03 million claims.

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

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