Law firm boss grip slipping on $55bn BHP suit

Hedge fund backers Gramercy have moved to oust founder Tom Goodhead from the chief executive’s role at Pogust Goodhead’s parent company, PGMBMLtd, and have put in receivers over his shareholding in the company. The law firm is only weeks away from a make-or-break legal decision in its $55 billion claim against BHP over the Samarco dam disaster. If successful, the firm and Gramercy (now reportedly owed more than $1 billion by Pogust Goodhead) could see up to 30% of the damages.

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