Longacre Institutional Opportunity buys $1.1 million claim against A&P

By Caroline Salls

Pittsburgh, Sept. 12 - Longacre Institutional Opportunity Fund, LP bought Maglan Distressed Master Fund LP's $1.1 million claim against the Great Atlantic & Pacific Tea Co., Inc. (A&P), according to a Monday filing with the U.S. Bankruptcy Court for the Southern District of New York.

A&P, a Montvale, N.J.-based operator of supermarkets, filed for bankruptcy on Dec. 12, 2010. Its Chapter 11 case number is 10-24549.

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