The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired
securities of Vale S.A. (“Vale”) (NYSE:VALE) between
March 21, 2015 and November 30, 2015.
You are hereby notified that a securities class action lawsuit
has been commenced in the USDC for the Southern District of New York. If
you purchased Vale securities between March 21, 2015 and November 30,
2015, your rights may be affected by this action. To get more
information go to:
http://zlk.9nl.com/vale
or contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com
or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There
is no cost or obligation to you.
The complaint alleges that Vale issued false and misleading statements
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.
If you suffered a loss in Vale you have until February
5, 2016 to request that the Court appoint you as lead
plaintiff. Your ability to share in any recovery doesn’t require that
you serve as a lead plaintiff.
Levi & Korsinsky is a national firm with offices in New York, New
Jersey, California, Connecticut, and Washington D.C. The firm’s
attorneys have extensive expertise and experience representing investors
in securities litigation, and have recovered hundreds of millions of
dollars for aggrieved shareholders. Attorney advertising. Prior results
do not guarantee similar outcomes.
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