SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky

February 01, 2016 12:04 ET

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Vale S.A. of Class Action Lawsuit and a Lead Plaintiff Deadline of February 5, 2016 -- VALE

NEW YORK, NY--(Marketwired - February 01, 2016) - The following statement is being issued by Levi & Korsinsky, LLP:

To: All persons or entities who purchased or otherwise acquired securities of Vale S.A. ("Vale") (NYSE: VALEbetween March 21, 2015 and November 30, 2015

You are hereby notified that a securities class action lawsuit has been commenced in the USDC for the Southern District of New York. If you purchased Vale securities between March 21, 2015 and November 30, 2015, your rights may be affected by this action. To get more information go to:

http://zlk.9nl.com/vale

or contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.

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 suffered a loss in Vale you have until February 5, 2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, California, Connecticut, and Washington D.C. The firm's attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information

  • CONTACT: 
    Levi & Korsinsky, LLP
    Joseph E. Levi, Esq.
    30 Broad Street - 24th Floor
    New York, NY 10004 
    Tel: (212) 363-7500
    Toll Free: (877) 363-5972
    Fax: (212) 363-7171
    www.zlk.com