Urgent.News

What's breaking now, across thousands of outlets.

More in Finance & Markets

Gramercy’s BHP dam claim funding exposes tensions in hedge fund-backed litigation

Hedge fund Gramercy has become embroiled in a dispute over the strategy and legal representation of a £36bn claim against BHP and Vale arising from the 2015 Mariana dam disaster in Brazil, according…

  • Hedge fund Gramercy contributed over $700m to Pogust Goodhead for Mariana dam litigation
  • Tom Goodhead dismissed as CEO two months after advising settlement rejection
  • Alternative legal team led by Hausfeld now managing the Mariana claim

More from Wednesday 16 September →