NEW YORK, Feb. 24, 2016 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of BHP Billiton Limited ("BHP Billiton" or the "Company") (NYSE: BHP). Such investors are advised to contact Robert S. Willoughby at firstname.lastname@example.org or 888-476-6529, ext. 9980.
The investigation concerns whether BHP Billiton and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On November 27, 2015, the Brazilian government issued a statement indicating it would sue BHP Billiton, its Brazilian partner Vale SA, and their joint venture Samarco Mineração SA in response to a catastrophic dam failure earlier that month. On February 23, 2016, post-market, Bloomberg Business reported that Brazilian police are seeking a court order to arrest six Mineração SA executives for alleged negligence in the November 2015 dam failure that killed at least 17 people.
On this news, BHP Billiton stock has fallen as much as $2.21 per share, or 9.17%, to $21.88 during intraday trading on February 24, 2016.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
CONTACT: Robert S. Willoughby Pomerantz LLP email@example.com
SOURCE Pomerantz LLP