Vedanta group litigation claims settled

Last April, we blogged about the terms of a GLO imposed on the Vedanta litigation after the almighty jurisdiction battle heard by the Supreme Court in early 2019.

2,500 of the claims (those brought by Leigh Day) have now been settled. The terms of settlement have not been made public.

Other claims within the litigation are brought by a separate firm (Hausfeld & Co LLP); we are unaware of the status of those claims, which presumably will continue.

Here are links to a statement by Leigh Day and an article by the BBC concerning the settlement.

Kate Boakes of 12 KBW was instructed by Leigh Day on behalf of the claimants in the litigation.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s