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Published on 11/6/2009 in the Prospect News Distressed Debt Daily.

R3 Capital Partners buys $1.21 million claim against Lehman debtor

By Caroline Salls

Pittsburgh, Nov. 6 - R3 Capital Partners Master, LP bought Longacre Opportunity Fund, LP's $1.21 million claim against Lehman Brothers Holdings, Inc. debtor Lehman Brothers Commodity Services, Inc., according to a Friday filing with the U.S. Bankruptcy Court for the Southern District of New York.

New York-based Lehman Brothers Holdings Inc. was the fourth-largest investment bank in the United States. The company filed for bankruptcy on Sept. 15, 2008. Its Chapter 11 case number is 08-13555.


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