Law firm at centre of BHP mammoth lawsuit sued by its own funder
Pogust Goodhead is sued by funder Vinci SPS for £84m over alleged breach of litigation funding agreements concerning the BHP Brazil dam case.Summary
Pogust Goodhead, the City law firm formerly known as PGMBM, is being sued by its funder Vinci SPS Capital Gestão de Recursos Ltda for £84 million plus costs, alleging the firm breached its litigation‑funding agreement by disbursing £42.7 million of interim cost payments without consent and delaying the creation of a required receivables account for more than four and a half years; the dispute arises from the firm’s receipt of £12.8 million from the funder to pursue the landmark BHP Brazil dam‑disaster case, which resulted in a High Court finding BHP liable, with the next phase of that trial set for April 2027, while the firm also faces separate claims totaling £2.2 million from Seladore Legal and a partnership with Gramercy Funds Management that added $150 million in funding in mid‑2026.
(Source：City A.m.)