Soros Goes Ambulance-Chasing

Billionaire investor George Soros is now investing in America’s controversial personal-injury lawsuits market, Bloomberg reports. Soros Fund Management has begun offering investment portfolios out of lawsuits. The billionaire’s hedge fund is bankrolling a company called Mighty Group, which gives cash advances to plaintiffs in return for future settlements. Mighty Group gives $2,000 on average for legal claims typically tied to car and construction accidents, in exchange for a cut from a settlement. Such advances are typically used to cover rent or medical treatment. Anatomy of the State Murray Rothbard Best Price: $5.00 Buy New $5.82 (as of 05:45 EST – Details) The … Continue reading Soros Goes Ambulance-Chasing