Pogust Goodhead Issues Statement as BHP Fails to Adequately Address Brazilian Dam Disaster in Year-End Earnings Results
August 26 2024 - 8:29PM
Business Wire
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.
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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