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Moved here, leaving a link, from HYP-P. - Chris
Moved here, leaving a link, from HYP-P. - Chris
I received a letter in the post this morning from the Federal Court of Australia regarding 'BHP Class Action'.
Wondering if anyone else has received this letter.
I'm guessing you had to have a share certificate rather than be a nominee.
I thought here was probably the best place to post this as BHP is a typical HYP share and other people may have had this letter.
It seems if you owned BHP shares between 8 August 2012 and 9 November 2015 then you may be affected by this class action and receive a letter from the court!
It seems a group of people are suing BHP over failing to fulfill its obligations over the Fundao Dam in Brazil. Environmental catastrophe. Etc etc.
BHP investors are apparently "entitled to compensation" as we apparently paid more for our shares than we should have because of BHP's conduct.
News to me.
I have 3 options:
1. Register as part of the class action as a 'Group Member'.
2. Opt out.
3. Ignore - "be bound by the settlement but not be able to seek any benefit from it". I.e. Receive no compensation and not be able to sue BHP myself. Not that I was planning to.
It claims Group Members will not pay any costs in the event of... blah blah.
I want nothing to do with it....
Has anyone else had this? What do you plan to do?