Vale S.A.

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Case Summary
Company Name: Vale S.A.
Stock Symbol : NYSE: VALE
Class Period Start: 04/13/2018
Class Period End: 01/28/2019
Lead Plaintiff motion: 03/29/2019
Date Filed: 01/28/2019
Type of Case: Securities Class Action
Court: U.S. District Court for the Eastern District of New York
Summary:

Thieler Law Corp advises investors with losses exceeding $100,000 of the March 29, 2019 lead plaintiff deadline in a class action lawsuit filed against Vale S.A. (NYSE: VALE) (“Vale” or “the Company”). The suit is pending in the U.S. District Court for the Eastern District of New York and investors, who purchased Vale S.A. securities between April 13, 2018 and January 28, 2019, have until March 29, 2019 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Vale S.A. securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Vale had failed to adequately assess the risk and damage potential of a dam breach at its Feijão iron ore mine; Vale’s programs to mitigate health and safety incidents were inadequate; consequently, several people were killed and hundreds more were reported missing after Vale’s dam at its Feijão mine was breached; and as a result, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

On January 25, 2019, Reuters reported that a tailings dam burst at Vale’s Feijao iron ore mine in Brazil, leaving hundreds of people missing.

Following this news, NYSE: VALE fell over 15% during intraday trading on January 28, 2019.

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