Statement on lawsuit filed against Petrobras
SEATTLE (September 25, 2015)
Contrary to some media reports, the Gates Foundation is not suing Petrobras. The lawsuit relates to investments made by an external manager who invests on behalf of the trust that holds the assets supporting the foundation’s activities. The external manager and the asset trust are completely separate from the Gates Foundation.
About the Bill & Melinda Gates Foundation
Guided by the belief that every life has equal value, the Bill & Melinda Gates Foundation works to help all people lead healthy, productive lives. In developing countries, it focuses on improving people’s health and giving them the chance to lift themselves out of hunger and extreme poverty. In the United States, it seeks to ensure that all people—especially those with the fewest resources—have access to the opportunities they need to succeed in school and life. Based in Seattle, Washington, the foundation is led by CEO Sue Desmond-Hellmann and Co-chair William H. Gates Sr., under the direction of Bill and Melinda Gates and Warren Buffett.