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HBK Master Fund buys $73.95 million of claims against Lehman
By Jennifer Lanning Drey
Savannah, Ga., March 7 - HBK Master Fund LP bought $73.95 million of Deutsche Bank AG, London's claims against Lehman Brothers Holdings Inc., according to a Friday filing with the U.S. Bankruptcy Court for the Southern District of New York.
Specifically HBK bought a $37.37 million claim and a $36.58 million claim against Lehman Brothers.
New York-based Lehman Brothers Holdings 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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