BHP & Vale lawsuit (re dam collapse in Brazil, filed in the US)
Fuentes
Snapshot: In 2015, two mining dams operated by Samarco Mineração SA, a joint venture of Vale and BHP, collapsed in Brazil. This led to multiple lawsuits being filed in Brazil, Australia, the US and the UK. Lawsuits incude allegations for negligence in operating the dam brought by shareholders and a claim for damages by the victims of the dam collapse and their families. This case profile looks at proceedings in the US.
Proceedings in the US
In August 2018, BHP Billiton settled a class-action litigation led by two shareholders, Alabama pension plans, in front of the the U.S. District Court in Manhattan, agreeing to US$50 million compensation without admission of liability.