June 10, 2020 - The court granted final approval of the settlement and entered final judgment.
February 5, 2020 - A stipulation and agreement of settlement was entered by the parties.

September 27, 2019 - The court denied the plaintiffs'' class certification.

September 15, 2017 - A motion for class certification was filed.

March 23, 2017 - The court granted in part and denying in part the defendants' motion to dismiss.

July 25, 2016 - A motion to dismiss the consolidated complaint was filed.

April 29, 2016 - A consolidated complaint was filed.

December 07, 2015 (Shareholders Foundation) - An investor in shares of Vale SA (ADR) (NYSE:VALE) filed a lawsuit in the U.S. District Court for the Southern District of New York over alleged violations of Federal Securities Laws by Vale SA in connection with certain allegedly false and misleading statements made between March 21, 2015 and November 30, 2015.

According to the complaint the plaintiff alleges on behalf of purchasers of Vale SA (ADR) (NYSE:VALE) common shares between March 21, 2015 and November 30, 2015, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between March 21, 2015 and November 30, 2015 Defendants issued false and misleading statements to investors and/or failed to disclose that the accident at Samarco of the bursting of the Fundao Dam resulted in the spillage of toxic waste, that Vale had a contract with Samarco that allowed Vale to deposit iron ore waste from its treatment plants from Vale’s Alegria mine into the Fundao Dam, that Vale’s programs and procedures to mitigate environmental, health and safety incidents were inadequate, and that as a result, Defendants’ statements about Vale’s business and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Vale SA reported that while its annual Total Revenue declined from over $48.03 billion in 2013 to over $38.55 billion in 2014 its Net Income increased from $599.81 million in 2013 to $674.79 million in 2014.

On November 27, 2015, the Brazilian government issued a statement indicating it would sue Vale SA, its Anglo-Australian partner BHP Billiton Limited and their joint venture Samarco Mineração SA in response to a catastrophic dam failure earlier this month. The dam failure displaced hundreds of Brazilians and contaminated the Rio Doce River with a toxic waste.

Shares of Vale SA (ADR) (NYSE:VALE) declined from as high as $36.15 per share in early 2011 to as low as $3.20 per share on December 2, 2015.