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Law Firm Behind $7 Billion BHP Suit Gets More Cash for ESG Cases

  • North Wall Capital to invest £100 million with law firm PGMBM
  • Judges ruled last week the UK case against BHP could go ahead

A law firm bringing a $7 billion suit against BHP Group Ltd. over its role in the deadly collapse of a Brazilian mining dam has secured £100 million in extra funding to fight more such ESG cases. 

PGMBM, which has also brought class-action type suits against other large corporates including Volkswagen AG and British Airways, has received the funds from investment firm North Wall Capital LLP, according to an emailed statement. North Wall had already extended £50 million in financing to the law firm, with the new money coming from a strategy that invests in ESG-focused legal assets.