AUD $110 million settlement reached for BHP shareholders
Plaintiff(s):
Court-appointed class of BHP investors
Case type / claims:
Securities fraud class action alleging that BHP made intentionally false and misleading statements about mine safety, risk management and imminent safety risks at its Brazilian operations.
Defendant(s):
BHP Billiton Limited and related entities
Jurisdiction:
Federal Court of Australia; Full Federal Court (Appellate); High Court of Australia
Outcome:
- Australia’s High Court dismissed BHP’s final appeal in October 2022, exhausting all appellate avenues.
- After seven years of litigation in all three levels of the Australian court system, the parties reached an amicable resolution on September 9, 2025, on the eve of trial. The settlement was approved in December 2025.
