BOSTON, Feb. 26, 2019 (GLOBE NEWSWIRE) -- Block & Leviton LLP (www.blockesq.com), a securities litigation firm representing investors nationwide, informs
investors that there has been a class action lawsuit filed against Vale S.A. (“Vale” or the “Company”) (NYSE: VALE) and certain of
its officers alleging violations of the federal securities laws. Shareholders are encouraged to contact Block & Leviton LLP to
learn more.
On January 25, 2019, Vale's tailings dam at its Feijão iron ore mine in Brazil collapsed, flooding Brumadinho
and killing hundreds, with many still missing. Brazilian authorities have frozen $1.3 billion worth of Vale assets to pay for the
damages.
The complaint alleges that throughout the Class Period, Vale and some of its senior officers made materially
false and misleading statements regarding the Company's business and its assessment of the risk and potential damage of a dam
breach at its Feijão iron ore mine, as well as the adequacy of Vale's programs to mitigate health and safety incidents. The scope
of Vale's misstatements are magnified by public commitments to keep its workplace safe and to minimize environmental damage
following a 2015 dam collapse at a mine in Brazil which was joint-owned by Vale.
On news of the dam collapse, the price of Vale's American Depositary Receipts ("ADRs") fell by $2.46 per share,
or 18%, over the next 3 trading days to close at $11.20 on January 28, 2019, eliminating more than $2.5 billion in shareholder
value.
If you purchased or otherwise acquired Vale securities between April 11, 2017, and January 28, 2019, and have
questions about your legal rights, or possess information relevant to this investigation, you are encouraged to contact Block &
Leviton LLP at (617) 398-5660, by email at info@blockesq.com, or by visiting http://shareholder.law/vale.
Block & Leviton LLP was recently ranked 4th among securities litigation firms by ISS for recoveries in 2017. The
firm represents many of the nation's largest institutional investors and numerous individual investors in securities litigation
throughout the country. Indeed, its lawyers have recovered billions of dollars for its clients.
This notice may constitute attorney advertising.
CONTACT:
BLOCK & LEVITON LLP
(617) 398-5660 phone
155 Federal Street, Suite 400
Boston, MA 02110
info@blockesq.com
SOURCE Block & Leviton LLP
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