A US judge has annulled most of a $58.2 billion-civil lawsuit against iron miner Samarco, and its owners Brazil’s Vale (NYSE:VALE) and BHP Billiton (ASX, NYSE:BHP) (LON:BLT), for a collapsed tailings dam that killed 19 people and polluted a major river in 2015.
In a statement Monday, Vale said the US District Court for the Southern District of New York had annulled last week the majority of a class action lawsuit against the company and executives, including those involving CEO Murilo Ferreira, over the a fatal spill that hit Brazil’s Minas Gerais state
The only parts of the case that remain ongoing are related to specific statements made by Vale in 2013 and 2014, and a conference call in November 2015, , the Rio de Janeiro-based company said.
More to come …
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