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U.S. court annuls most of Samarco class action suit, Vale says

Mar. 27, 2017 9:51 AM ETVale S.A. (VALE) StockBHP, VALEBy: Carl Surran, SA News Editor
  • Vale (VALE -5.3%) says a U.S. district court has annulled nearly all parts of a class action lawsuit against the company and executives over the 2015 Samarco tailings dam collapse that killed 19 people in Brazil.
  • Vale says the only parts of the case that remain ongoing are linked to specific statements the company made in 2013-14 and a conference call in November 2015.
  • Vale jointly runs the Samarco mine with BHP Billiton (BHP -3.3%).

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