NEW YORK, March 26, 2019 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP announces that class action lawsuits have
commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead
plaintiff have until the deadlines listed to petition the court and further details about the cases can be found at the links
provided. There is no cost or obligation to you.
Vale S.A. (NYSE: VALE)
Class Period: April 11, 2017 - January 28, 2019
Lead Plaintiff Deadline: March 29, 2019
Join the action: https://www.zlk.com/pslra-1/vale-s-a-loss-form?wire=3
The lawsuit alleges: Vale S.A. made materially false and/or misleading statements and/or failed to disclose that: (i) Vale had
failed to adequately assess the risk and damage potential of a dam breach at its Feijão iron ore mine especially in light of its
experience in 2015; (ii) Vale’s programs to mitigate health and safety incidents were inadequate; (iii) Defendants filed to
disclose that Vale’s auditor was not independent, as required under Brazilian mining law; (iv) Defendants failed to disclose that
an internal report commissioned by Vale in 2018 to assess the stability of the tailings dam raised concerns over its drainage and
monitoring systems; (v) Defendants failed to disclose the existence of information that the dam was at risk of "liquefaction,” the
same issue that led to the 2015 collapse of the Samarco dam; and (vi) as a result, Vale’s public statements were materially false
and misleading at all relevant times.
To learn more about the Vale S.A. class action contact jlevi@levikorsinsky.com.
Molson Coors Brewing Company (NYSE: TAP)
Class Period: February 14, 2017 - February 12, 2019
Lead Plaintiff Deadline: April 16, 2019
Join the action: https://www.zlk.com/pslra-1/molson-coors-brewing-company-loss-form?wire=3
The lawsuit alleges that, during the class period, Molson Coors Brewing Company made materially false and/or misleading
statements and/or failed to disclose that: (1) Molson Coors failed to properly reconcile the outside basis deferred income tax
liability for Molson Coors’ investment in its MillerCoors, LLC partnership; (2) consequently, Molson Coors misreported net income
in its consolidated financial statements for the fiscal years ending December 31, 2016 and December 31, 2017, resulting in an
overall downward revision to net income; (3) Molson Coors lacked adequate internal controls over financial reporting; and (4) as a
result, defendants’ statements about Molson Coors’ business, operations and prospects were materially false and misleading and/or
lacked a reasonable basis at all relevant times.
To learn more about the Molson Coors Brewing Company class action contact jlevi@levikorsinsky.com.
Avon Products, Inc. (NYSE: AVP)
Class Period: August 2, 2016 - August 2, 2017
Lead Plaintiff Deadline: April 15, 2019
Join the action: https://www.zlk.com/pslra-1/avon-products-inc-loss-form?wire=3
In order to inflate its reported revenue and representative growth metric during the Class Period, Avon engaged in an
undisclosed scheme whereby it significantly loosened its credit terms in order to recruit new representatives in Brazil, its
largest market. Avon did not disclose the changes to its credit terms in Brazil. Avon also failed to increase its allowance for
doubtful accounts to account for the changes to its credit terms in Brazil.
To learn more about the Avon Products, Inc. class action contact jlevi@levikorsinsky.com.
NIO Inc. (NYSE: NIO)
Class Period: Purchasers of American Depositary Shares between September 12, 2018 and March 5, 2019
Lead Plaintiff Deadline: May 13, 2019
Join the action: https://www.zlk.com/pslra-1/nio-inc-loss-form?wire=3
The lawsuit alleges: NIO Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) NIO would
not be building its own manufacturing plant and would instead continue to rely on JAC Auto to manufacture its vehicles; (2)
reductions in government subsidies for electric cars would materially impact NIO’s sales; and (3) as a result, Defendants’
statements about NIO’s business, operations, and prospects were materially false and misleading at all relevant times.
To learn more about the NIO Inc. class action contact jlevi@levikorsinsky.com.
You have until the lead plaintiff deadlines to request the court appoint you as lead plaintiff. Your ability to share in any
recovery doesn’t require that you serve as a lead plaintiff.
Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys
have extensive expertise and experience representing investors in securities litigation and have recovered hundreds of millions of
dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
