NEW YORK, Jan. 28, 2019 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Vale S.A. (“Vale” or the “Company”) (NYSE: VALE).  Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: www.bgandg.com/vale.

The investigation concerns whether Vale and certain of its officers and/or directors have violated federal securities laws.

On January 25, 2019, Reuters recounted how hundreds of people are missing after a tailings dam burst at Vale’s Feijao iron ore mine in Brazil. According to the report, the mine was in the process of being decommissioned. Following this news, Vale stock dropped $1.20 per share or over 8% on January 25, 2019. Then, on January 26, 2019, Reuters said that Brazil’s National Mining Agency had instructed the company to stop all operations at its Feijao mine and that prosecutors requested over $1.3 billion in Vale’s accounts to be frozen to pay for damages, with the expectation that more funds would be frozen in the future.

If you are aware of any facts relating to this investigation, or purchased Vale shares, you can assist this investigation by visiting the firm’s site: www.bgandg.com/vale. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484. 

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com

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