LOS ANGELES, CA / ACCESSWIRE / March 18, 2019 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of 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.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Reuters reported that a dam had burst at Vale's Feijao mine in Brazil on January 25, 2019. The incident left hundreds of people missing. This resulted in the Company's shares falling more than 8% on the same day. Reuters reported on January 26, 2019, that the Brazilian National Mining Agency ordered Vale to suspend operations at the mine, and that prosecutors in the country asked that $1.3 billion worth of accounts belonging to Vale be frozen to pay damages.
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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.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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Contact:
The Schall Law Firm
Brian Schall, Esq.
Sherin Mahdavian, Esq.
310-301-3335
Cell: 424-303-1964
[email protected]
www.schallfirm.com
SOURCE: The Schall Law Firm