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BHP Group ($BHP) has agreed to pay a settlement to investors in principle. The settlement will resolve claims related to the catastrophic collapse of a tailings dam in Brazil.

On November 5, 2015, Brazil's Fundão tailings dam at the Germano mine collapsed, causing the largest rupture ever recorded. 19 lives were lost, and the impact on communities and the environment remains catastrophic.

The mudflow from the dam traveled 600 km to the ocean, forming toxic plume. It left 400,000 people without fresh water, making it Brazil's worst environmental disaster.

Following the dam collapse, $BHP dropped in all markets from November 5 to November 30, 2015.

BHP Group Limited

What does "in-principle" settlement mean?

If you don't file a claim before the deadline, you'll still be part of the group. However, you might miss out on participating in any settlements reached before the final judgment.

All persons who acquired an interest in fully-paid ordinary shares in BHP Billiton Limited on the Australian Stock Exchange between August 8, 2012 and November 9, 2015.

Do I have to sell securities to be eligible?

No, if you have purchased securities within the class period, you are eligible to participate.

You can participate in the settlement and retain (or sell) your securities.

11thestate is an investor recovery company, we help investors to track and collect securities class action settlements. We will:

Audit the claim and make sure you get the maximum possible payout

File a claim with the settlement administration

Correspond with the settlement administration to resolve emerging issues

Deliver payout directly to your brokerage account

There is no upfront cost, but we will deduct 20% of the recovered amount as a commission for our services.

Accepting Late Claims

Mismanagement

Misleading Statements

Omissions

Directors

Management

BHP Group (BHP) Settlement Over The Brazilian Catastrophe

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BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It engages in the mining of copper, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal. The company is also involved in the mining, smelting, and refining of nickel, as well as potash development activities. In addition, it provides towing, freight, marketing and trading, marketing support, finance, administrative, and other services. The company was founded in 1851 and is headquartered in Melbourne, Australia.

BHP Group (BHP) Settlement Over The Brazilian Catastrophe

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