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Case Status:    ONGOING    
On or around 05/13/2019 (Ongoing date of last review)

Filing Date: January 28, 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.

On May 13, 2019, the Court issued an Order consolidating cases.

COMPANY INFORMATION:

Sector: Basic Materials
Industry: Metal Mining
Headquarters: Brazil

SECURITIES INFORMATION:

Ticker Symbol: VALE
Company Market: New York SE
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: E.D. New York
DOCKET #: 19-CV-00526
JUDGE: Hon. Margo K. Brodie
DATE FILED: 01/28/2019
CLASS PERIOD START: 04/13/2018
CLASS PERIOD END: 01/28/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. The Rosen Law Firm P.A. (New York)
    275 Madison Avenue, 34th Floor, The Rosen Law Firm P.A. (New York), NY 10016
    (212) 686-1060 (212) 202-3827 ·
No Document Title Filing Date
—Reference Complaint Complaint Related Data is not available
—Related District Court Filings Data is not available