Law
Offices of Howard G. Smith reminds investors of the upcoming February
5, 2016 deadline to file a lead plaintiff motion in the class action
filed on behalf of investors who purchased Vale S.A. (“Vale” or the
“Company”) (NYSE: VALE) shares. And announces an expanded class period
of November 7, 2013 through November 30, 2015, inclusive (the “Class
Period”). Investors who suffered losses on their investment in Vale
securities are encouraged to contact the Law Offices of Howard G. Smith
to discuss their legal rights.
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 Vale shares, you may move the Court no later than February
5, 2016 to request appointment as lead plaintiff. 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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