Original article by Brad Thompson
The Australian – Page: 15 : 10-Sep-25

BHP has reached an out-of-court settlement over a class action that was launched on behalf of Australian investors who bought its shares in the three years or so before the collapse of an iron ore tailings dam in Brazil on 5 November 2015. BHP’s shares fell by 22 per cent in the wake of the disaster; amongst other things, BHP was accused of failing to disclose material information to the market and engaging in misleading or deceptive conduct by claiming that safety was its highest priority. BHP agreed to pay $110m shortly before the case was scheduled to be heard by the Federal Court. However, US-based litigation funder G&E KTMC Funding is expected to be entitled to a significant share of the payout.

CORPORATES
BHP GROUP LIMITED – ASX BHP, FEDERAL COURT OF AUSTRALIA, G&E KTMC FUNDING