Hedge Fund’s $100 Million Bet: Iran Will Pay for Terror Attack

WSJ – A U.S. hedge fund plans to bet as much as $100 million that it can collect on a court judgment against Iran for one of the deadliest terrorist attacks ever aimed at Americans, according to marketing documents and people familiar with the matter.

Three decades after an Iranian-linked car bomber killed 241 American servicemen at a Marine barracks in Beirut, RD Legal Capital LLC is seeking to raise that sum from investors to buy stakes in the protracted litigation related to the attack, according to the people.

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