Pogust Goodhead, a global law firm and leader in environmental litigation, today issued the following statement in response to BHP Group Ltd's (“BHP” or the “Company”) (ASX: BHP) continued failure to address the potential financial impact on the Company associated with the ongoing lawsuit filed by the firm on behalf of 630,000 victims of the Mariana Dam disaster.
Tom Goodhead, Global Managing Partner and CEO of Pogust Goodhead, stated:
“The Mariana dam disaster killed 19 innocent Brazilians and unleashed a torrent of toxic waste that resulted in villages being buried in mud, thousands of people being displaced, and livelihoods destroyed.
Nine years later, little has changed for the region or its affected citizens amid the painfully slow remediation efforts by the Company. Reparations for these damages translate into significant financial liability.
BHP’s attempts to continue downplaying the tens of billions of dollars in damages for which the Company is liable following its role in the Mariana Dam collapse is both shocking and massively disappointing.
Considering the United Kingdom litigation brought by our firm is just two months away from trial, BHP investors should demand detailed estimates and transparent disclosure of how those cases could impact the price of the Company’s stock and ratings of its capital structure.”
About Pogust Goodhead
Founded by Tom Goodhead and Harris Pogust in 2018, Pogust Goodhead is an international law firm headquartered in London, England. Its growing global partnership consists of over 100 lawyers and more than 500 staff members, all working to help individuals, groups, and businesses access fair and tangible justice.
The firm has been described as “the first legal unicorn,” following a trajectory more like a Fintech start up than a traditional law firm. Pogust Goodhead represents 1.9 million clients in cases across the world, seeking billions of dollars in damages.
Since its formation, Pogust Goodhead has become a world leader in environmental litigation. In 2022 the firm secured a landmark, unanimous judgment from the Court of Appeal that allows victims of the Mariana dam disaster to seek redress against BHP and now Vale, in the Courts of England and Wales. The firm’s cases against corporate giants TÜV SÜD, Norsk Hydro and Braskem are all centered around providing redress for claimants who have suffered through a total disregard for the environment they inhabit.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240826223231/en/
Contact details:
Media Contacts
Pogust Goodhead
Lauren Veevers
lveevers@pogustgoodhead.com
Simon Alcock
salcock@pogustgoodhead.com
Priscilla Mendes
pmendes@pogustgoodhead.com
In Australia - Anacta
Licardo Prince
Licardo.prince@anacta.com.au
Evan Moorhead
evan.moorhead@anacta.com.au
