Hagens Berman is Investigating BHP Billiton Limited in the Wake of Brazilian Mining Dam Catastrophe
If you suspect you have losses in your investments in BHP as result of the incident or have knowledge relevant to the investigation, contact Hagens Berman Partner Reed Kathrein, who is leading the firm’s investigation, by calling (510) 725-3000, emailing BHP@hbsslaw.com or visiting https://www.hbsslaw.com/cases/BHP.
On November 5, 2015 the Fundão Dam suffered a catastrophic rupture, releasing a large volume of toxic sludge into Brazil’s Santarém river valley. The Bento Rodrigues valley, below the dam, was almost entirely flooded by the cascade of mud that ensued after the disaster at the dam. The Fundao Dam was built to accommodate the waste that results from the extraction of iron ore from the mines in the region. The dam was operated by Samarco Mineração SA, a joint venture between Vale and BHP Billiton Ltd.
On November 27, 2015, Brazilian Environment Minister Izabella Teixeira told reporters that Brazil's federal and state governments plan to sue Vale BHP Billiton and Samarco in response to the Fundao Dam disaster. BHP shares fell nearly 19% in November.
Among the issues we are looking at in our investigation include representations made at the Company’s annual meeting and in SEC filings related to BHP’s commitment to safety, the environment, and compliance with environmental regulation. We are also interested in talking with persons with non-public knowledge about BHP’s environmental practices, and the Fundão Dam incident.
Whistleblowers: Persons with non-public information regarding BHP should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new SEC whistleblower program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at (510) 725-3000 or email BHP@hbsslaw.com.
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Hagens Berman Investigating $BHP Billiton Ltd. (NYSE: BHP) in the Wake of Brazilian Mining Dam Catastrophe
Hagens Berman Sobol Shapiro LLP
Reed Kathrein, 510-725-3000