The article states owned by a hedge fund but that is not correct.

The hedge fund is owed money it loaned to KRY to fund the collection through the ICSID which set the compensation due from VZ.

If it had not been for the hedge fund funding that process KRY would have gone bankrupt. As it is VZ owes 1.4 billion or so.

The deal that the hedge fund got with KRY may be atrociously in their favor; but who knows what will be left from any collection from VZ once the hedge fund has taken their possibly excessive type payoff. Remember KRY "Needed" the money to fund ICSID and had to agree to a very large payoff to the hedge fund. There is a great deal of argument to be made that they are only entitled to the statutory maximum interest payment allowed by law. I understand the payment cannot legally be beyond (I believe 60% or so compounded).

there should be a fair amount of money left which should be paid out to the shareholders (if VZ in fact has to give up CITGO or finds another way to pay its debts).