Securities & Investment Fraud

Vale S.A. Securities Class Litigation

Introduction

Securities fraud class action litigation has been filed on behalf of investors in the securities of Vale S.A. (“Vale” or the “Company”) (NYSE: VALE). If you purchased or otherwise acquired the securities of Vale between April 13, 2018 and January 28, 2019, inclusive (the “Class Period”), you may move the court for appointment as lead plaintiff by no later than March 29, 2019.

You may retain Lieff Cabraser Heimann & Bernstein, LLP, or other attorneys, as your counsel in the actions. Recognized by the National Law Journal as one of the nation’s top plaintiffs’ law firms, Lieff Cabraser is committed to safeguarding the rights of investors and upholding the integrity of the market. We have significant experience and a successful track record of representing institutional and individual investors in securities and financial fraud litigation.

Vale investors may choose to have Lieff Cabraser review their claim by completing the contact form below. You can also call Sharon M. Lee of Lieff Cabraser at 1-800-541-7358 to discuss the litigation.

Background on the Vale Securities Class Litigation

Vale, incorporated in Brazil and headquartered in Rio de Janeiro, Brazil, is one of the world’s largest mining companies, and the top global producer of iron ore and nickel in the world. In 2015, the Fundão tailings dam, joint-owned by Vale and BHP Billiton Brasil Ltda., burst, flooding downstream communities and resulting in 19 fatalities and the worst environmental disaster in Brazilian history.

On January 25, 2019, Vale’s tailings dam at its Feijão iron ore mine in Brumadinho, Brazil collapsed, flooding Brumadinho and killing hundreds, with many still missing. Brazilian authorities have frozen $1.3 billion worth of Vale assets to pay for the damages.

The action alleges that, throughout the Class Period, Vale and certain of its senior executives made materially false and misleading statements regarding the Company’s business and its assessment of the risk and potential damage potential of a dam breach at its Feijão iron ore mine, as well as the adequacy of Vale’s programs to mitigate health and safety incidents. The scope of Vale’s misstatements are magnified by public commitments to keep its workplace safe and to minimize environmental damage following the 2015 Fundão dam collapse. On news of the dam collapse, the price of Vale’s American Depositary Receipts (“ADRs”) declined by $2.46 per share, or 18%, over the next 3 trading days to close at $11.20 on January 28, 2019, eliminating more than $2.5 billion in shareholder value.

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II. TRANSACTIONS IN NVIDIA SECURITIES

Number of shares of Vale held immediately before the start of the Class Period on April 13, 2018:

From April 13, 2018 through January 28, 2019, inclusive, I made the following transactions in Vale securities:

PURCHASES

Date
No. of Shares
Price

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SALES

Date
No. of Shares
Price

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During the 90 days after January 28, 2019, I made the following transactions in Vale securities:

SALES

Date
No. of Shares
Price

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About Lieff Cabraser

Lieff Cabraser Heimann & Bernstein, LLP, with offices in San Francisco, New York, and Nashville, is a nationally recognized law firm committed to advancing the rights of investors and promoting corporate responsibility.

The National Law Journal has recognized Lieff Cabraser as one of the nation’s top plaintiffs’ law firms for fourteen years. In compiling the list, the National Law Journal examines recent verdicts and settlements and looked for firms “representing the best qualities of the plaintiffs’ bar and that demonstrated unusual dedication and creativity.” Law360 has selected Lieff Cabraser as one of the Top 50 law firms nationwide for litigation, highlighting our firm’s “laser focus” and noting that our firm routinely finds itself “facing off against some of the largest and strongest defense law firms in the world.” In late 2016, Benchmark Litigation named Lieff Cabraser one of the “Top 10 Plaintiffs’ Firms in America.”