February 5 Deadline Alert: Law Offices of Howard G. Smith Reminds Vale S.A. Investors of Upcoming Lead Plaintiff Deadline
February 04 2016 - 6:36PM
Business Wire
Law Offices of Howard G. Smith reminds investors of the
upcoming February 5, 2016 deadline to file a lead
plaintiff motion in the class action filed on behalf of investors
who purchased Vale S.A. (“Vale” or the “Company”) (NYSE: VALE)
shares. And announces an expanded class period of November 7, 2013
through November 30, 2015, inclusive (the “Class Period”).
Investors who suffered losses on their investment in Vale
securities are encouraged to contact the Law Offices of Howard G.
Smith to discuss their legal rights.
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 purchased Vale shares, you may move the Court no later
than February 5, 2016 to request appointment as
lead plaintiff. To be a member of the class you need not take any
action at this time; you may retain counsel of your choice or take
no action and remain an absent member of the Class. If you wish
to learn more about this action, or if you have any
questions concerning this announcement or your rights or interests
with respect to these matters, please contact Howard G. Smith,
Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike,
Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215)
638-4847, toll-free at (888) 638-4847, or by email
to howardsmith@howardsmithlaw.com, or visit our website
at http://www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20160204006673/en/
Law Offices of Howard G. SmithHoward G. Smith,
Esquire215-638-4847888-638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com
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