Contrarian Funds buys $9.2 million, $7.42 million Loral claims

By Caroline Salls

Pittsburgh, May 23 - Contrarian Funds LLC bought EADS Astrium Ltd.'s $9.2 million general unsecured claim against Loral Orion Inc. and EADS Astrium GmbH's $7.42 million claim against Space Systems/Loral, Inc., according to a Monday filing with the U.S. Bankruptcy Court for the Southern District of New York.

Parent Loral Space & Communications Ltd., a New York-based satellite company, filed for bankruptcy on July 15, 2003. Its Chapter 11 case number is 03-41710.

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