Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

Vale S.A. (VALE) Class Action Lawsuit (January 2019)

Settlement

1:19cv526 • January 28, 2019

Class Period Start

June 7, 2016

Class Period End

February 6, 2019

PSLRA Deadline

March 29, 2019

Case Allegations

10b5

Statutes of Repose

Jun 7, 2019

Country

United States

Court

Federal Court

Settlement Information

Please note that for cases in the settlement stage, claims are handled by the claims administrator and NOT Levi & Korsinsky. Any information or documentation previously provided to us does not constitute submission of a claim. If you need to file a claim, check the status of a claim, or have questions regarding distribution of settlement funds, please contact the claims administrator below.

Claim Deadline

December 31, 1969

Settlement Fund

$0

Settlement Status

Class Certified

Settlement Class

Claim Administrator




Settlement Website

Hearing Date

December 31, 1969

Opt-out Deadline

December 31, 1969

Settlement Note

Download here

Proof Of Claim

Download here

Docket History

Mar 31, 2022

Class Certification Granted

The court has determined that a class action is the appropriate method to bring the claims by class members. Usually, when a class is certified, the judge will also affirm an individual or entity to represent the class and finalize a class definition (i.e.: who is represented in the lawsuit).

Jun 4, 2021

Motion for Class Certification

The plaintiffs have asked the court to approve the lawsuit to proceed as a class action on behalf of a group of investors. The judge will decide whether the case meets the requirements for class certification and which investors and claims may be included.

May 20, 2020

Motion to Dismiss Denied

The court has denied the defendants' request to dismiss the lawsuit. The case can now move forward to the next stage of litigation.

Feb 21, 2020

Motion to Dismiss

After reviewing the complaint(s) filed by plaintiffs, defendants have filed a motion requesting that the court dismiss some or all of the plaintiffs' claims. In a motion to dismiss, defendants might challenge the validity of plaintiffs' claims or adequacy of plaintiffs' pleadings. Once a motion to dismiss is filed, the judge will make a decision on whether part or all of the case should be dismissed or the case can proceed as alleged.

Oct 25, 2019

Second Amended Complaint

A new complaint has been filed on behalf of certain investors in Vale S.A.. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.

May 13, 2019

Appointment of Lead Plaintiff

The court has appointed a lead plaintiff to represent the interests of investors in the lawsuit. The lead plaintiff works with the attorneys handling the case, helps oversee the litigation, and represents the interests of the proposed class.

Apr 4, 2019

Voluntary Dismissal

The plaintiff in this action has chosen not to proceed with the case. Once a case is voluntary dismissed, the courts will usually close the case and no further action will be taken.

Mar 27, 2019

First Amended Complaint

A new complaint has been filed on behalf of certain investors in Vale S.A.. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.

Feb 20, 2019

Additional Complaint

Another plaintiff has filed a complaint on behalf of investors in Vale S.A.. The allegations and class definitions are substantively the same.

Feb 8, 2019

Additional Complaint

Another plaintiff has filed a complaint on behalf of investors in Vale S.A.. The allegations and class definitions are substantively the same.

Jan 28, 2019

First Filed Complaint

A securities fraud class action complaint has been filed on behalf of certain investors in Vale S.A..

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