According to Bloomberg Law, George Soros finances climate change lawsuits and finances groups that will pay investors millions of dollars if the lawsuits are successful.
Aristata Capital, an investment group that funds litigation focused on ‘driving social and environmental change’, will pay investors millions if a lawsuit funded by the group wins in court reported Bloomberg. report. The Soros Economic Development Fund is one of Aristata Capital’s largest backers, backing the investment group with over $6 million in funding. (Related: Meet the Chosen Successor to George Soros’ $25 Billion Free Empire)
According to Bloomberg, Arista has raised more than $67 million in total in its first round of funding. “Access to justice, a level playing field and fairness are absolutely at the core of what we are trying to do,” Arista CEO Robert Ryan told Bloomberg. “So far, our focus on impact has been a major advantage, and having worked alongside and competing with other mainstream litigation firms has been a true differentiator. is a new product and that’s what makes it interesting for us.”
#Soros Economic Development Fund injects £5m #Lawsuit finance investment.investment in #aristata Capital aims to provide greater access to the rule of law. https://t.co/IBBtftGxbh
— Litigation Finance Journal (@LitigationJ) July 12, 2022
Arista’s The litigation financing business model is a $13 billion industry in which investors fund litigation in exchange for a portion of the compensation if the litigation wins. According to Bloomberg, the amount of funding for the lawsuit could range from about $25 million to as much as $250 million or more.
According to Bloomberg, Soros, who routinely funds left-wing activism, funded Aristata, even though Ryan insisted he would “avoid incidents that are overtly political in nature.” He said he was happy to receive the money and said the Soros funding was aligned with Aristata’s mission.
Aristata Capital did not respond to a request for comment.
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