BHP seeks $69m pact over Brazil dam burst

Updated September 21 2018 - 4:06am, first published 4:02am
BHP Billiton is seeking to resolve shareholder claims stemming from a fatal dam disaster in Brazil.
BHP Billiton is seeking to resolve shareholder claims stemming from a fatal dam disaster in Brazil.

BHP Billiton has asked a US judge to approve a $US50 million ($A69 million) settlement of claims that it fraudulently inflated its share price by overstating its ability to manage safety risks before a fatal 2015 dam burst at a Brazilian mine.

Subscribe now for unlimited access.

$0/

(min cost $0)

or signup to continue reading

See subscription options

Get the latest Batemans Bay news in your inbox

Sign up for our newsletter to stay up to date.

We care about the protection of your data. Read our Privacy Policy.