(Reuters) Hedge fund The Baupost Group LLC has acquired the biggest chunk of a $2.2 billion claim that two South Carolina utilities had against Toshiba Corp following the bankruptcy of its nuclear power subsidiary, people familiar with the matter said on Monday.The investment is a bet by Baupost’s chief executive, Seth Klarman, that Toshiba, which has been rocked by accounting scandals as well as the financial demise of its bankrupt U.S. nuclear unit Westinghouse Electric Corp, will stand by its pledge to pay out these claims.
Hedge fund Baupost snaps up claims against Toshiba
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