Law
Offices of Howard G. Smith announces that a class action lawsuit has
been filed on behalf of investors who purchased Vale S.A. (“Vale” or the
“Company”) (NYSE: VALE) securities between March 21, 2015 and November
30, 2015, inclusive (the “Class Period”). Investors who have suffered
losses on their investment in Vale securities are encouraged to contact
the Law Offices of Howard G. Smith to discuss their legal rights in this
class action.
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 purchased shares of Vale during the Class Period you may move the
Court no later than February 5, 2016 to ask the Court to
appoint you as lead plaintiff if you meet certain legal requirements. To
be a member of the Class you need not take any action at this time; you
may retain counsel of your choice or take no action and remain an absent
member of the Class. If you wish to learn more about this action, or if
you have any questions concerning this announcement or your rights or
interests with respect to these matters, please contact Howard G. Smith,
Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite
112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847,
toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com,
or visit our website at http://www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
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