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Case Status:    SETTLED
On or around 04/10/2019 (Date of order of final judgment)

Filing Date: February 24, 2016

According to the law firm press release, BHP Billiton Limited ("BHP" or the Company) is a global resources company and is among the world’s top producers of major commodities, including iron ore, metallurgical and energy coal, oil and gas, copper, aluminum, manganese, uranium, nickel and silver. The Company operates under a Dual Listed Company structure, with parent companies BHP Ltd. and BHP Plc operating as a single economic entity by a unified board and management team.

The Complaint alleges that during the Class Period, Defendants 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 June 14, 2016, the Court issued an Order consolidating cases, appointing Lead Plaintiff, and approving Lead Counsel. Lead Plaintiffs filed a consolidated complaint on August 15. Defendants filed a Motion to Dismiss the consolidated Complaint on October 14. On August 29, 2017, the Court issued an Order granting in part and denying in part Defendants' Motion to Dismiss.

On September 14, 2018, the parties entered into a Stipulation of Settlement. The Court preliminarily approved the settlement on October 31. On April 10, 2019, the Court granted final approval of the Settlement and entered Final Judgment. On May 9, one of the class members filed a notice appealing the award of attorneys' fees and expensive and award to Lead Plaintiffs. The class member corrected the notice of appeal on May 10. On April 30, 2020, the Court of Appeals affirmed the District Court's judgment.

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