BHP to defend class action | Finance News Network

BHP to defend class action

Company News

by Anna Napoli

BHP (ASX:BHP) has today announced it intends to defend a class action claim over the Samarco dam failure of 2015.

The mining giant has confirmed it has been served with a class action proceeding filed in the Federal Court of Australia in Victoria.

Fairfax media today reported about 3000 investors have signed up to participate in a class action against BHP, that alleges the miner breached disclosure obligations and engaged in misleading and deceptive conduct.

The mining disaster occurred in 2015 when a dam burst, killing 19 people and destroying several Brazilian communities.

Shares in BHP (ASX:BHP) are trading 1.19 per cent lower at $32.52


 

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.