Defendant Name:
Vale S.A.
Defendant Type:
Public Company
Document Reference:
2022-72
Document Details
Legal Case Name
SEC v. Vale S.A.
Document Name
SEC Charges Brazilian Mining Company with Misleading Investors about Safety Prior to Deadly Dam Collapse
Document Date
28-Apr-2022
Document Format
Civil Proceeding
Case Number
22-cv-02405
Federal District Court
New York, Eastern District of New York
Allegation Type
Issuer Reporting and Disclosure
Document Summary
The SEC stated that: "[It] charged Vale S.A., a publicly traded Brazilian mining company and one of the world’s largest iron ore producers, with making false and misleading claims about the safety of its dams prior to the January 2019 collapse of its Brumadinho dam. The collapse killed 270 people, caused immeasurable environmental and social harm, and led to a loss of more than$4 billion in Vale’s market capitalization."