ASM Capital buys $2.11 million in claims against KB Toys debtor

By Caroline Salls

Pittsburgh, Aug. 4 - ASM Capital LP bought $2.11 million in claims against KB Toys Inc. debtor KB Toy Massachusetts, Inc., according to Thursday filings with the U.S. Bankruptcy Court for the District of Delaware.

ASM bought a $1.05 million claim from Jakks Pacific and a $1.06 million claim from Flying Colors Toys Inc.

KB Toys, a Pittsfield, Mass., toy retailer, filed for Chapter 11 on Jan. 14, 2004. The company expects to emerge from bankruptcy before the 2005 holiday season.

The company's Chapter 11 case number is 04-10120.

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