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Centerbridge Buys $100M Lehman Claims

Centerbridge Partners has acquired $100 million in claims on bankrupt Lehman Brothers Holdings from Deutsche Bank.

Centerbridge Partners has acquired $100 million in claims on bankrupt LehmanBrothers Holdings from Deutsche Bank, Bloomberg reports. Creditors and investors are purchasing Lehman claims in advance of a dispute over a $61 billion payment plan, which they may vote on by Oct. 14, 2011.

Holders of claims on Lehman’s commercial paper and derivatives units will claim extra money from the parent company, which guaranteed the units’ debt. Earlier this week, Goldman Sachs also acquired $50 million of the same claims, while Och-ZiffCapital Management purchased $20 million.

Click here for the story from Bloomberg.

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