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Contrarian Funds buys $12.19 million JPMorgan claim against Borders
By Caroline Salls
Pittsburgh, Sept. 20 - Contrarian Funds, LLC bought JPMorgan Chase Bank, NA's $12.19 million claim against Borders Group, Inc., according to a Tuesday filing with the U.S. Bankruptcy Court for the Southern District of New York.
Borders, an Ann Arbor, Mich.-based specialty retailer of books and other educational and entertainment items, filed for bankruptcy on Feb. 16, 2011. The Chapter 11 case number is 11-10614.
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