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Published on 4/1/2011 in the Prospect News Distressed Debt Daily.

Chester Square buys $34.4 million claim against Lehman Brothers

By Jennifer Lanning Drey

Savannah, Ga., April 1 - Chester Square, LLC bought $34.40 million of Stylos Asia Master Fund Ltd.'s $46.78 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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