US offices sued Vale January 28, 2019, at 7:45 pm At least four American law firms plan to sue Vale for dam breach



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(CVRD) filed a lawsuit against the mining company Vale in a US court after breaking the dam at the Córrego do Feijão mine in Brumadinho on Friday. Vale's shares on the New York Stock Exchange began to fall on Friday (25/1), when the Brumadinho Dam (MG, Brazil) was broken.

The lawyers say they are investigating whether the company has excluded from the market the risks badociated with the Brumadinho dam by disclosing false information to investors. The Brazilian Securities and Exchange Commission (CVM) has already announced that it is investigating Vale's communications to the Brazilian market to determine whether the company has failed to provide information to its shareholders.

prepares the action to "recover losses suffered". Schall's office said the possible omission of the risks violated the rules of the US stock market and encouraged investors who lost more than $ 100,000 to contact them.

Wolff Popper and Bronstein, Gewirtz & Grossman are the two other offices that also announced their intention to file a clbad action against Vale in New York. According to the newspaper, shares traded on the local stock market would have fallen 8% on the day of the tragedy and 16% on Monday (28 January).

Magazine Legal Advisor Jan. 28 (f, b, e, v, n, t, s)
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