Serengeti Rapax MM buys $9.88 million in claims against Lehman

By Caroline Salls

Pittsburgh, Feb. 10 - Serengeti Rapax MM LP bought $9.88 million of JPMorgan Chase Bank, NA's claims against Lehman Brothers Holdings, Inc., according to Wednesday filings with the U.S. Bankruptcy Court for the Southern District of New York.

Specifically, Serengeti bought a $5.08 million claim and a $4.8 million claim.

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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