UPCOMING DEADLINE ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Vale S.A. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm – iCrowdNewswire
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Mar 21, 2019 8:10 AM ET

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UPCOMING DEADLINE ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Vale S.A. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

Legal Newswire iCrowdNewswire - Mar 21, 2019

LOS ANGELES,  — The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Vale S.A. (“Vale” or “the Company”) (NYSE: VALE) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company’s shares between April 13, 2018 and January 28, 2019, inclusive (the ”Class Period”), are encouraged to contact the firm before March 29, 2019.         

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall, or Sherin Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at [email protected].

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Vale did not take adequate measures to survey the damage and assess the risk of a potential dam breach at the Company’s Feijão mine. At the same time, the Company failed to maintain proper programs to mitigate health and safety incidents. As a result of these actions, multiple people were killed and hundreds remain missing after the Company’s dam at the Feijão iron ore mine failed. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Vale, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

Contact Information:

The Schall Law Firm
Brian Schall, Esq.,
Sherin Mahdavian, Esq.,
www.schallfirm.com
Office: 310-301-3335
Cell: 424-303-1964
[email protected]

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