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Published on 3/10/2011 in the Prospect News Distressed Debt Daily.

Taconic Opportunity Fund buys $43.8 million of claims against Lehman

By Jennifer Lanning Drey

Savannah, Ga., March 10 - Taconic Opportunity Fund LP bought $43.8 million of Goldman Sachs & Co.'s claims against Lehman Brothers Holdings Inc., according to filings made Thursday with the U.S. Bankruptcy Court for the Southern District of New York.

Specifically, Taconic bought a $26.4 million claim, an $8.6 million claim and an $8.8 million claim against Lehman from Goldman Sachs.

Additionally, Taconic Capital Partners 1.5 LP bought $6.5 million of Goldman Sachs' claims against Lehman Brothers.

Taconic Capital Partners bought a $1.7 million claim, a $1.2 million claim and a $3.6 million claim against Lehman from Goldman Sachs.

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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