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In re: Vale S.A. Securities Litigation
Case Number:
1:15-cv-09539
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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June 10, 2020
Mining Co.'s $25M Dam Failure Deal Gets OK'd By Judge
A Manhattan federal judge signed off Wednesday on a $25 million settlement between Vale SA and investors who say the mining giant misled them prior to a deadly dam collapse that sunk its shares — a deal that includes $5.7 million for plaintiffs' firm Bernstein Litowitz Berger & Grossmann LLP.
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February 10, 2020
Mining Co. Inks $25M Deal To End Investors' Dam Failure Suit
Brazil's Vale SA has reached a $25 million settlement to end investors' proposed class action accusing the world's largest iron ore producer of lying about the safety of a dam that collapsed in 2015 and killed 19 people.
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October 05, 2018
Mining Co. Says No Class Cert. In Brazil Dam Collapse Case
A Brazilian mining company has told a New York federal court a securities fraud putative class action brought by investors over statements made before and after a dam collapse in Brazil that killed 19 people should not be certified, saying that resolving the lead plaintiffs' claims won't produce common answers.