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Stock impact report

Brazil environmental disaster victims take case against mining giant BHP to UK court [Yahoo! Finance]

BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares) (BHP) 
US:NYSE Investor Relations: bhp.com/investor-centre
Company Research Source: Yahoo! Finance
lawyers representing around 620,000 Brazilians as well as businesses, municipal governments, and members of the Krenak indigenous tribe are bringing a multibillion-pound legal action against BHP Group following the collapse of the Fundao dam in November 2015. (AP Photo/Alberto Pezzali) DANICA KIRKA 2 min read LONDON (AP) — Victims of Brazil's worst environmental disaster were taking their case for compensation to a UK court on Monday, almost nine years after tons of toxic mining waste poured into a major waterway, killing 19 people and devastating local communities. The class action lawsuit at the High Court in London seeks an estimated 36 billion pounds ($47 billion) in damages from the global mining giant BHP. That would make it the largest environmental payout ever, according to Pogust Goodhead, the law firm representing the plaintiffs. BHP owns 50% of Samarco, the Brazilian company that operates the iron ore mine where a tailings dam ruptured on Nov. 5, 2015, releasing e Show less Read more
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