Elliott Management Wins Over Baupost, Paulson In Buying Lehman Claims

Paul Singer’s Elliott Management is winning over others in buying any Lehman claims that are still sold on the market. We earlier reported that Elliott Management was cleared by the U.S. court to buy claims worth $2 billion against Lehman Brothers Holdings Inc Plan Trust (OTCMKTS:LEHMQ)’s U.K. business. In the latest development, Patrick Fitzgerald for DowJones reports that the activist hedge fund has now beaten all the rival bidders in owning claims worth $3 billion or GBP 1.8 billion, including interest. Elliott Management and King Street transaction Elliott Management along with King Street Capital Management will be paying $762 million…