February 5 Deadline Alert: Glancy Prongay & Murray LLP Reminds Investors of the Lead Plaintiff Deadline in the Class Action L...
February 02 2016 - 5:55PM
Business Wire
Glancy Prongay & Murray LLP (“GPM”) reminds investors that a
class action complaint has been filed on behalf of a class of Vale
S.A. (“Vale” or the “Company”) (NYSE: VALE) investors who purchased
shares between March 21, 2015 and November 30, 2015, inclusive (the
“Class Period”). Injured investors are encouraged to contact GPM to
discuss their legal rights.
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.
If you purchased shares of Vale during the Class Period you may
move the Court no later than February 5, 2016 to request
appointment as lead plaintiff, or 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, Esquire,
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/20160202006690/en/
Glancy Prongay & Murray LLP, Los AngelesLesley Portnoy,
310-201-9150 or
888-773-9224shareholders@glancylaw.comwww.glancylaw.com
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