SAN FRANCISCO, March 11, 2019 /PRNewswire/ -- Hagens
Berman Sobol Shapiro LLP reminds investors in Vale S.A. (NYSE: VALE) of the March 29, 2019 Lead
Plaintiff deadline in the pending securities class action. If you purchased or otherwise acquired Vale securities
between April 11, 2017 and January 28, 2019 (the "class
period") and suffered losses contact Hagens Berman Sobol Shapiro LLP. For more information about the case click
https://www.hbsslaw.com/cases/VALE
or contact Reed Kathrein, who is leading the firm's investigation, by calling
510-725-3000 or emailing
VALE@hbsslaw.com.
According to the complaint, during the class period Defendants misled investors by falsely and/or misleadingly stating or
omitting to disclose that: (1) Vale failed to adequately assess the risk and damage potential of a dam breach at its Feijo
iron ore mine; (2) Vale's programs to mitigate health and safety incidents were inadequate; and, (3) as a result, over a hundred
people were killed and hundreds more were reported missing after Vale's dam was breached.
On March 5, 2019, the Wall Street Journal reported Vale dismissed an auditor that refused
to certify the dam as safe in September 2018.
"We're focused on investors' losses, Defendants' knowledge of dangerous problems with the Feijo dam, and the extent to which
Defendants may have misled investors," said Hagens Berman partner Reed
Kathrein.
Whistleblowers: Persons with non-public information regarding Vale should consider their options to help in the
investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide
original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more
information, call Reed Kathrein at 510-725-3000 or email VALE@hbsslaw.com.
About Hagens Berman
Hagens Berman is a national investor-rights law firm headquartered in Seattle, Washington with 78 attorneys in 9 offices across the country. The firm represents investors,
whistleblowers, workers and consumers in complex litigation. More about the firm and its successes can be found at
www.hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.
Contact:
Reed Kathrein, 510-725-3000
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