Stone Lion Portfolio buys $113.88 million in claims against Lehman

By Caroline Salls

Pittsburgh, Jan. 20 - Stone Lion Portfolio LP bought $113.88 million of ZAIS Opportunity Master Fund Ltd.'s claims against Lehman Brothers Holdings, Inc. and Lehman Brothers Special Financing Inc., according to Wednesday filings with the U.S. Bankruptcy Court for the Southern District of New York.

Specifically, Stone Lion bought a $60.88 million claim against Lehman Brothers Holdings and a $53 million claim against Lehman Brothers Special Financing.

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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