Vale S.A. Securities Litigation (2019)

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Lawsuit Overview

Defendant:VALE S.A.
Date Filed:January 28th, 2019
Sector:Basic Industries
Industry:Precious Metals
Class Start Date:June 7th, 2016
Class End Date:February 6th, 2019

According to the Complaint, Vale is a mining and metals company headquartered in Rio de Janeiro, Brazil.

Plaintiff's law firm issued a press release on January 28, 2018, announcing the filing of the lawsuit. According to the lawsuit, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Vale had failed to adequately assess the risk and damage potential of a dam breach at its Feijão iron ore mine; (2) Vale's programs to mitigate health and safety incidents were inadequate; (3) consequently, several people were killed and hundreds more were reported missing after Vale's dam at its Feijão mine was breached; and (4) 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.

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First Identified Complaint

Bryan Rauch, et al. v. Vale S.A., et al.

Date Filed:January 28th, 2019
Class Period Start:April 13th, 2018
Class Period End:January 28th, 2019
First Identified Complaint Filings
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