King Street buys 60% of $66.10 million claim against Lehman Brothers

By Lisa Kerner

Charlotte, N.C., June 17 - King Street Acquisition Co., LLC bought 60%, or $39.64 million, of Deutsche Bank AG, London Branch's $66.10 million claim against Lehman Brothers Holdings Inc., according to a Thursday 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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