Search for: "Vale, S.A."
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24 Jan 2024, 4:29 pm
On March 28, Brazilian mining company Vale S.A., one of the largest iron ore producers in the world, agreed to pay $55.9 million to settle charges of making false disclosures about the safety of its dams prior to the January 2019 collapse of the Brumadinho dam. 9 — Swap Dealers (CFTC). [read post]
15 Nov 2023, 6:26 am
In addition, the SEC obtained judgments from federal courts ordering: Danske Bank, a multinational financial services corporation, to pay a $178.6 million civil penalty to resolve charges that it misled investors about its anti-money laundering compliance program and failed to disclose risks posed by the program’s significant deficiencies; and Vale S.A. [read post]
14 Nov 2023, 9:01 pm
In addition, the SEC obtained judgments from federal courts ordering: Danske Bank, a multinational financial services corporation, to pay a $178.6 million civil penalty to resolve charges that it misled investors about its anti-money laundering compliance program and failed to disclose risks posed by the program’s significant deficiencies; and Vale S.A., a mining company and one of the largest iron ore producers in the world, to pay $55.9 million combined in a civil… [read post]
1 Aug 2023, 4:27 pm
For example, in March 2023, the SEC entered into a $55.9 million settlement with Vale S.A., a publicly traded Brazilian mining company, to resolve charges related to the company’s “allegedly false and misleading disclosures about the safety of its dams prior to the January 2019 collapse of the Brumadinho dam that killed 270 people. [read post]
31 May 2023, 9:33 am
Recent ESG-Related Cases The SEC’s first ESG action after announcing the task force was a 2022 case against Vale S.A., a publicly-traded Brazilian mining company. [read post]
16 May 2023, 9:01 pm
Summary of Task Force Actions to Date DESCRIPTION[2] Brazilian mining company Vale S.A’s Brumadinho dam, constructed to hold potentially toxic byproducts from the company’s mining operations, collapsed in January 2019. [read post]
16 Apr 2023, 5:13 am
Now the agency has reached a settlement with the Brazil-based mining company Vale, S.A. of the Task Force’s first-filed enforcement action, in connection with alleged misrepresentations in the company’s sustainability report about the safety of the company’s mining dams. [read post]
13 Apr 2023, 9:01 pm
In April of last year, as described in this press release, the SEC filed a complaint against Vale S.A., a publicly traded (NYSE) Brazilian mining company and one of the world’s largest iron ore producers, charging that it made “false and misleading claims about the safety of its dams prior to the January 2019 collapse of its Brumadinho dam. [read post]
28 Mar 2023, 3:45 pm
The Securities and Exchange Commission today announced that Vale S.A., a publicly traded Brazilian mining company and one of the largest iron ore producers in the world, agreed to pay $55.9 million to settle charges brought last April stemming from the…Read the Full Press ReleaseHave a securities law question? [read post]
26 Oct 2022, 6:52 pm
The specific case against BHP – one of the most egregious alleged ESG-related failures – arises from the November 5, 2015 catastrophic collapse of the Fundão tailings dam, which is part of Samarco’s Germano iron ore mining complex in Minas Gerais, Brazil (jointly owned by BHP and Vale S.A). [read post]
24 Aug 2022, 9:01 pm
SEC Enforcement of ESG Issues Through Existing Mechanisms Regardless of whether or not the climate proposal is approved, the SEC is expected to push on ESG issues through existing regulatory mechanisms, as demonstrated by the following recent actions taken by the agency: On April 28, 2022, the SEC charged Vale S.A. [read post]
3 Aug 2022, 12:16 pm
However, it took one year for this newly created group to even bring its first ESG-related enforcement action against Vale S.A. [read post]
29 May 2022, 4:45 pm
Securities and Exchange Commission last month 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 the Brumadinho dam including through its environmental, social, and governance (ESG) disclosures. [read post]
24 May 2022, 1:03 pm
” The recent settled action against BNYMIA, together with the recent enforcement action filed against Vale, S.A. [read post]
24 May 2022, 5:00 am
Vale S.A. [read post]
20 May 2022, 6:30 am
In an important development, on April 28, 2022, the Securities and Exchange Commission (SEC) commenced an action in the United States District Court for the Eastern District of New York in which it asserted that Vale S.A., a publicly-traded Brazilian mining company and one of the world’s largest iron ore producers, knowingly made false and misleading claims about the safety of its dams in the years leading up to the January 2019 Brumadinho disaster. [1] The SEC alleges that… [read post]
20 May 2022, 6:30 am
In an important development, on April 28, 2022, the Securities and Exchange Commission (SEC) commenced an action in the United States District Court for the Eastern District of New York in which it asserted that Vale S.A., a publicly-traded Brazilian mining company and one of the world’s largest iron ore producers, knowingly made false and misleading claims about the safety of its dams in the years leading up to the January 2019 Brumadinho disaster. [1] The SEC alleges that… [read post]
18 May 2022, 6:30 am
As described in this press release, the SEC has filed a complaint against Vale S.A., a publicly traded (NYSE) Brazilian mining company and one of the world’s largest iron ore producers, charging that it made “false and misleading claims about the safety of its dams prior to the January 2019 collapse of its Brumadinho dam. [read post]
18 May 2022, 6:30 am
As described in this press release, the SEC has filed a complaint against Vale S.A., a publicly traded (NYSE) Brazilian mining company and one of the world’s largest iron ore producers, charging that it made “false and misleading claims about the safety of its dams prior to the January 2019 collapse of its Brumadinho dam. [read post]
10 May 2022, 12:15 pm
The dam was controlled by the Brazilian mining company: Vale S.A. [read post]
