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Published on 7/26/2010 in the Prospect News Distressed Debt Daily.

Midtown Acquisitions buys $10 million Illiquidx claim against Lehman

By Caroline Salls

Pittsburgh, July 26 - Midtown Acquisitions LP bought Illiquidx Ltd.'s $10 million claim against Lehman Brothers Holdings Inc., according to a Monday 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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