BHP loses appeal to multibillion lawsuit over Samarco disaster

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SPS Capital acquired by Vinci Partners

SPS Capital, a prominent Brazilian special situations fund with R$2.0 billion (USD $380 million) in assets under management, has been acquired by Vinci Partners, another leading alternative investment platform in Brazil. SPS Capital, together with PGMBM, is funding the high-profile claim against mining giant BHP in relation to the Fundão dam collapse.

New Fundings

PGMBM launches guitar price fixing claim

PGMBM has launched an opt-out group claim in the UK against famed guitar maker Fender for alleged price fixing. From 2013 to 2018, Fender required its guitars to be sold at or above a minimum price and was fined £4.5 million by the Competition and Markets Authority for breaching UK and European competition law.  PGMBM will be entering into a a funding agreement to cover the costs of the proceedings, and the proposed class representative also plans to acquire after-the-event (ATE) insurance to cover any of Fender’s costs in the event that this claim is unsuccessful.

New Fundings

PGMBM announces £100m funding partnership with North Wall Capital

International law firm PGMBM has announced a new £100 million funding partnership with North Wall Capital, bringing the total size of the partnership to £150 million. According to Bloomberg, the financing agreement allows PGMBM to only use the money for certain cases if they meet pre-agreed rules on what constitutes an ESG suit.

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