Case Spotlight: BHP Billiton

By Allison Gosman, Senior Marketing Specialist, Financial Recovery Technologies

CompanyBHP Billiton
JurisdictionAustralia
ExchangeASX
IndustryMining
ClaimsBreach of continuous disclosure obligations, and misleading and deceptive conduct
Relevant PeriodOctober 1, 2013 – February 5, 2016
Participation DeadlineTBD

CASE BACKGROUND

On November 5, 2015, the Fundao Dam at the Germano iron ore mine in Brazil, which was co-owned by BHP Billiton (“BHP”), an Australian multinational mining, metals and petroleum dual-listed public company, collapsed, causing a dramatic mudslide, killing 19 people and causing permanent environmental damage. Currently, the company is being investigated for allegedly misleading investors regarding its safety and monitoring protocols in relation to the collapse.

DETERMINING ELIGIBILITY & COSTS

The organizer has not indicated whether they will file a ‘closed’ (opt-in) or ‘open’ (opt-out) class and they have not yet set a deadline for registration. FRT will continue to monitor for the other organizer efforts and filings, open or closed.

Learn More

FRT has issued the following alerts to FRT Global Group Litigation clients:

  • Preliminary Alert: March 26, 2018
  • Full Alert: April 4, 2018

For more information on this case or FRT Global Group Litigation service, please contact us at learnmore@frtservices.com.

About FRT

U.S. CLAIMS  I  GLOBAL GROUP LITIGATION  I  ANTITRUST  I  LITIGATION MONITORING  I  BUYOUTS

Founded in 2008, Financial Recovery Technologies (FRT) is a leading technology-based services firm that helps the investment community identify eligibility, file claims and collect funds made available in securities and other class action settlements. Offering the most comprehensive range of claim filing and monitoring services available, we provide best-in-class eligibility analysis, disbursement auditing and client reporting, and deliver the highest level of accuracy, accountability and transparency available. For more information, go to www.frtservices.com.

This communication and the content found by following any link herein are being provided to you by Financial Recovery Technologies (FRT) for informational purposes only and does not constitute advice. All material presented herein is believed to be reliable but FRT makes no representation or warranty with respect to this communication or such content and expressly disclaims any implied warranty under law. Opinions expressed in this communication may change without prior notice. Firms should always seek legal and financial advice specific to their unique situation and objectives.

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