Defendant Name:
Vale S.A.
Defendant Type:
Public Company
Document Reference:
court_doc51_22-cv-02405
Document Details
Legal Case Name
SEC v. Vale S.A.
Document Name
Final Judgment as to Defendant Vales S.A.
Document Date
11-Apr-2023
Document Format
Civil Proceeding
Case Number
22-cv-02405
Federal District Court
New York, Eastern District of New York
Federal District Judge
Lashann Dearcy Hall
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On April 11, 2023, the Court issued a final judgment as to Defendant Vale S.A., stating: "Defendant Vale
S.A. (“Defendant” or “Vale”) . . . consented to entry of this Final
Judgment without admitting or denying the allegations of the Settled Claims, as that term is
defined in the Consent which is incorporated herein, of the Complaint (except as to jurisdiction);
waived findings of fact and conclusions of law; and waived any right to appeal from this Final
Judgment."
Disgorgement & Penalty Information
Monetary Penalties:
Disgorgement
Individual:
$25,000,000.00
Shared:
Civil Penalty
Individual:
$25,000,000.00
Shared:
Pre-Judgment Interest
Individual:
$5,900,000.00
Shared:
Total Penalty
Individual:
$55,900,000.00
Shared:
