Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Vale S.A. (NYSE: VALE) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if possible claims on behalf of purchasers of the securities of Vale S.A. (NYSE: VALE) concerning whether a series of statements by Vale S.A. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On November 27, 2015, The Brazilian government announced it would sue Vale, its Anglo-Australian partner BHP Billiton Limited and their joint venture Samarco Mineraçao SA due to a disastrous dam failure earlier this month which polluted the Rio Doce River and displaced hundreds of Brazilians.
After the release of this news, the company's stock has fallen as much as $0.20, or 5.6%, to close at $3.37 on November 30, 2015.
Based in Rio de Janeiro, Brazil, and founded in 1942 Vale S.A. is a global mining company which engages in the production, and sale of iron ore and pellets, nickel, fertilizer, copper, coal, manganese, ferroalloys, cobalt, and platinum group metals.
If you purchased shares of Vale S.A. (NYSE: VALE) on or before November 27, 2015, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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