BHP Billiton Limited
0 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS
Case Summary | |
Company Name: | BHP Billiton Limited |
Stock Symbol : | NYSE:BHP |
Class Period Start: | 09/25/2014 |
Class Period End: | 11/30/2015 |
Lead Plaintiff motion: | 04/25/2016 |
Date Filed: | 02/24/2016 |
Type of Case: | Securities Class Action |
Court: | U.S. District Court for the Southern District of New York |
Summary: | Thieler Law Corp advises investors with losses exceeding $100,000 of the April 25, 2016 lead plaintiff deadline in a class action lawsuit filed against BHP Billiton Limited (ADR) (NYSE:BHP) (“BHP” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of New York and investors, who purchased BHP Billiton Limited securities between September 25, 2014 and November 30, 2015, have until April 25, 2016 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class. If you purchased BHP Billiton Limited securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class. The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that BHP knew or recklessly disregarded the precarious condition of mining operations and facilities at the Samarco mine, a Brazilian mining operation jointly owned by BHP and Vale S.A., yet made materially false and misleading statements concerning the Company's commitment to safety and the implementation of safety and monitoring protocols at the mine sites. On November 27, 2015, the Brazilian government issued a statement indicating it would sue BHP Billiton, its Brazilian partner Vale S.A. and their joint venture Samarco Mineração SA in response to a catastrophic dam failure earlier that month. February 23, 2016, Bloomberg Business reported that the Brazilian police have a court order to arrest six of the Samarco Mineração SA executives for alleged negligence relating to the dam failure. On this news, NYSE:BHP shares fell as much 9.17%, during intraday trading on February 24, 2016. If you were negatively impacted by your investment in BHP Billiton Limited securities between September 25, 2014 and November 30, 2015 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation. Thieler Law Corp purchases advertisements on search engines, social media sites and other websites. If you send us information, note that does not create an attorney-client relationship with the firm. Thieler Law Corp 2534 State Street - Suite 406, San Diego, CA 92101 by email: mail@thielerlaw.com or telephone at +1 (619) 377 - 4324 or visit our website http://www.thielerlaw.com/ or Facsimile: +1 (619) 785 – 3185 |