Home Claims Trading Red Pines, LLC Buys Claims in Face Amount of $43M in LATAM Airlines Bankruptcy

Red Pines, LLC Buys Claims in Face Amount of $43M in LATAM Airlines Bankruptcy

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January 4, 2022, Southern District of New York – Red Pines, LLC files a transfer agreement 3001(e)1 with the United States Bankruptcy Court for Southern District of New York, recording the transfer of the claims of Citigroup Financial Products against LATAM Airlines Group SA to Red Pines, LLC. Specifically, the boutique equity and real estate investment firm acquires Claim Nos. 4501,4465,4569,4165,4516,4168 for $43,952,744.00 from Citigroup.

On May 26, 2020, LATAM Airlines Group SA and 28 affiliated debtors filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York. The cases are pending before the Honorable Judge James L. Garrity Jr. and are jointly administered under Case No. 20-11254.

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