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Sea Port Group Securities buys $385.35 million in partial claims against Lehman Brothers
By Jennifer Lanning Drey
Portland, Ore., June 18 - Sea Port Group Securities LLC bought a total of $385.35 million of Popolare Vita's $433.37 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.
Sea Port bought a $222.71 million partial claim and a $162.64 million partial claim from Popolare.
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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