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Published on 11/18/2009 in the Prospect News Distressed Debt Daily.

Citigroup Financial Products buys $3.65 million claim against Lehman

By Caroline Salls

Pittsburgh, Nov. 18 - Citigroup Financial Products Inc. bought Highland Financial Corp.'s $3.65 million claim against Lehman Brothers Holdings, Inc., according to a Wednesday filing with the U.S. Bankruptcy Court for the Southern District of New York.

New York-based Lehman Brothers Holdings 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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