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Gramercy-Backed Firm Fends Off Ouster From $36 Billion Lawsuit

Bloomberg Markets Monday 12 October 2026, 13:00 UTC By Upmanyu Trivedi and Lucca de Paoli 1 min read
Key Points

Gramercy-Backed Firm Fends Off Ouster From $36 Billion Lawsuit A Gramercy Funds Management-backed law firm was unlawfully fired from a $36 billion lawsuit that has seen two private credit investors clash over who will represent hundreds of thousands of victims of a dam collapse in Brazil. PGMBM Law, formerly called Pogust Goodhead, sued BHP Group Ltd and Vale SA in the UK on behalf of more than 600,000 Brazilians affected by the 2015 Fundão dam collapse. North Wall Capital is financing the...

Gramercy-Backed Firm Fends Off Ouster From $36 Billion Lawsuit A Gramercy Funds Management-backed law firm was unlawfully fired from a $36 billion lawsuit that has seen two private credit investors clash over who will represent hundreds of thousands of victims of a dam collapse in Brazil. PGMBM Law, formerly called Pogust Goodhead, sued BHP Group Ltd and Vale SA in the UK on behalf of more than 600,000 Brazilians affected by the 2015 Fundão dam collapse. North Wall Capital is financing the rival team seeking to replace PGMBM.
Gramercy-Backed (ORG) Gramercy Funds Management (ORG) Brazil (LOCATION) BHP Group Ltd (ORG) Vale SA (ORG) UK (LOCATION) Brazilians (ORG) North Wall Capital (ORG) PGMBM (ORG)
Originally published by Bloomberg Markets Read original →

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