February 5 Deadline Alert: GPM Announces the Filing of a Securities Class Action on Behalf of Vale S.A. Investors
January 29 2016 - 11:45AM
Business Wire
Glancy Prongay & Murray LLP
(“GPM”) announces the filing of a class action lawsuit on behalf of
investors of Vale S.A. (“Vale” or the “Company”) (NYSE: VALE)
securities between March 21, 2015 and November 30, 2015, inclusive
(the “Class Period”). Investors who have suffered losses on their
investment in Vale securities are encouraged to contact GPM to
discuss their legal rights in this class action.
The complaint alleges that Vale issued false and misleading
statements and/or failed to disclose that: (1) the accident at
Samarco of the bursting of the Fundao Dam resulted in the spillage
of toxic waste; (2) Vale had a contract with Samarco that allowed
Vale to deposit iron ore waste from its treatment plants from
Vale’s Alegria mine into the Fundao Dam; (3) Vale’s programs and
procedures to mitigate environmental, health, and safety incidents
were inadequate; and (4) as a result, Defendants’ statements about
Vale’s business and prospects were materially false and misleading
and/or lacked a reasonable basis at all relevant times.
Vale investors have until February 5, 2016 to move the
Court to appoint you as lead plaintiff if you meet certain legal
requirements. If you have information or would like to learn more
about these claims, or have any questions concerning this
announcement or your rights or interests with respect to these
matters, please contact Lesley Portnoy, of GPM, 1925 Century Park
East, Suite 2100, Los Angeles, California 90067 at 310-201-9150,
Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com,
or visit our website at http://www.glancylaw.com. If you inquire by
email please include your mailing address, telephone number and
number of shares purchased.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20160129005741/en/
Glancy Prongay & Murray LLP, Los AngelesLesley Portnoy,
310-201-9150 or
888-773-9224shareholders@glancylaw.comwww.glancylaw.com
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