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Stone Lion Portfolio buys $75 million claim against Motors Liquidation
By Caroline Salls
Pittsburgh, Aug. 4 - Stone Lion Portfolio LP bought Frank William Pereira's $75 million claim against Motors Liquidation Co., according to a Tuesday filing with the U.S. Bankruptcy Court for the Southern District of New York.
Motors Liquidation was formerly General Motors Corp., a Detroit-based automaker that filed for bankruptcy on June 1, 2009. The new General Motors Corp. emerged from Chapter 11 on July 10, 2009, and Motors Liquidation's Chapter 11 case number is 09-50026.
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