Rosen Law Firm, a global investor rights law firm, announces it has
filed a class action lawsuit on behalf of purchasers of Vale S.A.
(NYSE:VALE) securities from March 21, 2015 through November 30, 2015,
all dates inclusive (the “Class Period”). The lawsuit seeks to recover
damages for Vale investors under the federal securities laws.
To join the Vale class action, go to the firm’s website at http://rosenlegal.com/cases-793.html
or call Phillip Kim, Esq. or Kevin Chan, Esq. toll free at 866-767-3653
or email pkim@rosenlegal.com or kchan@rosenlegal.com
for more information on the class action. The case is pending in the
U.S. District Court for the Southern District of New York.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS
CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU
MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU
MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, throughout the Class Period Defendants issued
false and misleading statements to investors and/or failed to disclose
that: (1) the accident at Samarco of the bursting of the Fundao Dam
resulted in the spillage of toxic waste; (2) Vale had a contract with
Samarco that allowed Vale to deposit iron ore waste from its treatment
plants from Vale’s Alegria mine into the Fundao Dam; (3) Vale’s programs
and procedures to mitigate environmental, health and safety incidents
were inadequate; and (4) as a result, Defendants’ statements about
Vale’s business and prospects were materially false and misleading
and/or lacked a reasonable basis at all relevant times. When the true
details entered the market, the lawsuit claims that investors suffered
damages.
A class action lawsuit has already been filed. If you wish to serve as
lead plaintiff, you must move the Court no later than February 5, 2016.
A lead plaintiff is a representative party acting on behalf of other
class members in directing the litigation. If you wish to join the
litigation, go to the firm’s website at http://rosenlegal.com/cases-793.html
for more information. You may also contact Phillip Kim, Esq. or Kevin
Chan, Esq. of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com
or kchan@rosenlegal.com.
Rosen Law Firm represents investors throughout the globe, concentrating
its practice in securities class actions and shareholder derivative
litigation.
![](http://cts.businesswire.com/ct/CT?id=bwnews&sty=20151207006492r1&sid=ntxv4&distro=nx&lang=en)
View source version on businesswire.com: http://www.businesswire.com/news/home/20151207006492/en/
Copyright Business Wire 2015