BHP Group Considering Appeal Against Allowing Group Action Claim Over Samarco Dam Failure - petsitterbank

BHP Group Considering Appeal Against Allowing Group Action Claim Over Samarco Dam Failure

(RTTNews) – BHP Group Ltd. (BHP.AX, BLT.L, BBL, BHP) said Friday that it is considering whether to seek permission to appeal the judgment of allowing the group action claim in relation to the Samarco dam failure on November 5, 2015 in to the UK Supreme Court.

The group action seeks compensation for individuals, municipalities, private businesses and other institutions in Brazil following the Samarco dam failure.

The Court of Appeal has heard an appeal by the claims in the group action against a decision made by the High Court on November 9, 2020 that dismissed the group action as an abuse of process. Today, the Court of Appeal has decided to allow the appeal.

Today’s judgment allows the group action to continue in the UK and overturns the earlier decision of the High Court. BHP says it is concerned with the preliminary question of whether the group action can continue against BHP in the United Kingdom.

BHP Brasil remains committed to continue supporting the local remediation efforts in Brazil through the Renova Foundation. Those efforts have already provided BRL9.8 billion or 1.5 billion pounds in compensation and direct financial aid in relation to the dam failure to over 376,000 people.

BHP will continue to defend the UK group action, which BHP believes is unnecessary because it duplicates matters already covered by the existing and ongoing work of the Renova Foundation and legal proceedings in Brazil.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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