By Allison Gosman, Senior Marketing Specialist, Financial Recovery Technologies
|Claims||Breach of continuous disclosure obligations, and misleading and deceptive conduct|
|Relevant Period||October 1, 2013 – February 5, 2016|
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.
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 firstname.lastname@example.org.
U.S. CLAIMS I GLOBAL GROUP LITIGATION I ANTITRUST I LITIGATION MONITORING I BUYOUTS
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