EQUITY ALERT: Rosen Law Firm Files Securities Class Action Lawsuit Against Vale S.A. – VALE

Rosen Law Firm, a global investor rights law firm, announces it has
filed a class action lawsuit on behalf of purchasers of the securities
of Vale S.A. (NYSE:VALE) from April 13, 2018 through January 28, 2019,
inclusive (the “Class Period”). The lawsuit seeks to recover damages for
Vale investors under the federal securities laws.

To join the Vale class action, go to https://www.rosenlegal.com/cases-1495.html
or call Phillip Kim, Esq. or Zachary Halper, Esq. toll-free at
866-767-3653 or email [email protected]
or [email protected]
for information on the class action.

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS
CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU
MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS
MEMBER AND DO NOTHING AT THIS POINT. AN INVESTOR’S ABILITY TO SHARE IN
ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD
PLAINTIFF.

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. When
the true details entered the market, the lawsuit claims that investors
suffered damages.

A class action lawsuit has already been filed. If you wish to serve as
lead plaintiff, you must move the Court no later than March 29, 2019. A
lead plaintiff is a representative party acting on behalf of other class
members in directing the litigation. If you wish to join the litigation,
go to https://www.rosenlegal.com/cases-1495.html
or to discuss your rights or interests regarding this class action,
please contact Phillip Kim or Zachary Halper of Rosen Law Firm toll free
at 866-767-3653 or via email at [email protected]
or [email protected].

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm
or on Twitter: https://twitter.com/rosen_firm.

Rosen Law Firm represents investors throughout the globe, concentrating
its practice in securities class actions and shareholder derivative
litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class
Action Services for number of securities class action settlements in
2017. The firm has been ranked in the top 3 each year since 2013.

View source version on businesswire.com: https://www.businesswire.com/news/home/20190128005685/en/