NEW YORK, Jan. 28, 2019 /CNW/ -- Pomerantz LLP is investigating
claims on behalf of investors of Vale S.A. (Vale" or the "Company") (NYSE: VALE). Investors are advised to contact
Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.
The investigation concerns whether Vale and certain of its officers and/or directors have violated the federal securities
laws.
[Click here to join a class action]
On January 25, 2019, a tailings dam collapsed at a mine operated by Vale in Minas Gerais,
Brazil, releasing a mudflow that devastated the mine's administrative area and surrounding
community. As of January 28, 2019, at least 60 people were reported killed in the incident,
with hundreds more missing.
Vale's American depositary receipt price fell $1.20, or 8.08%, to close at $13.66 on January 25, 2019, and continued to fall sharply on January 28, 2019.
The Pomerantz Firm, with offices in New York, Chicago,
Angeles, and Paris, is acknowledged as one of the premier firms in the areas of corporate,
securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the
dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years
later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud,
breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on
behalf of class members. See www.pomerantzlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
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SOURCE Pomerantz LLP
View original content: http://www.newswire.ca/en/releases/archive/January2019/28/c7970.html