Glancy Prongay & Murray LLP (“GPM”) is investigating potential claims on behalf of investors of BHP Billiton Limited (“BHP Billiton” or the “Company”) (NYSE: BHP) concerning the Company and its officers’ possible violations of federal securities laws.
On November 27, 2015, the Brazilian government announced that it would sue BHP Billiton, its Brazilian partner Vale SA and their joint venture Samarco Mineração SA in connection to a disastrous dam failure earlier that month that resulted in hundreds of injuries and at least 17 deaths. On February 23, 2016, post-market, Bloomberg Business disclosed that the Brazilian authorities are obtaining a court order for the arrest of six Mineração SA executives for alleged negligence in the November 2015 dam failure.
On this news, BHP Billiton stock fell as much as $2.21 per share, or almost 10%, during intraday trading on February 24, 2016.
If you purchased BHP Billiton securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com. If you inquire by email, please include your mailing address, telephone number and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160301005915/en/
Contacts:
Lesley Portnoy,
310-201-9150 or 888-773-9224
shareholders@glancylaw.com
www.glancylaw.com
