Citadel Signs Over Lehman Claim To Credit Suisse

Law360, New York (August 27, 2009, 3:11 PM EDT) -- A division of hedge fund Citadel Investment Group LLC has transferred nearly all of a $470.5 million derivatives claim against the estate of bankrupt investment giant Lehman Brothers Holdings Inc. to a loan funding unit of Credit Suisse Group AG.

According to documents filed in the U.S. Bankruptcy Court for the Southern District of New York Aug. 26, Citadel Equity Fund Ltd.sold Credit Suisse Loan Funding LLC $423 million of the $470.5 million claim it filed against Lehman last week.

The proof of claim Citadel submitted...
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