Rosen Law Firm Reminds Samarco Mineração S.A. Investors of Important Deadline in Class Action

NEW YORK--()--Rosen Law Firm, a global investor rights law firm, reminds purchasers of Samarco Mineração S.A.’s 10-year notes respectively due 2022, 2023, and 2024 (collectively, the “Notes”) from October 31, 2012 through November 30, 2015, both dates inclusive (the “Class Period”) of the important January 13, 2017 lead plaintiff deadline in the class action. The lawsuit seeks to recover damages for Samarco investors under the federal securities laws.

To join the Samarco class action, go to http://www.rosenlegal.com/cases-994.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or kchan@rosenlegal.com for information on the class action.

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.

According to the lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) Samarco’s Fundão tailings dam had longstanding systemic and structural defects; (2) Samarco ignored repeated, reliable warnings regarding the condition of the Fundão tailings dam while representing to investors that it had mitigated the risk of a catastrophic accident as much as possible through “a combination of risk management, careful evaluation, experience and knowledge,”; and (3) as a result, defendants’ statements about Samarco’s business, operations, and prospects were false and misleading and/or lacked a reasonable basis. On November 5, 2015, Samarco’s Fundão tailings dam burst. Subsequent investigations revealed that Samarco had disregarded safety concerns about the Fundão dam for years. When the truth about Samrco’s operations was revealed by the collapse of the Fundão dam and investigation into its causes, the lawsuit claims that investors suffered damages.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 13, 2017. If you wish to join the litigation, go to http://www.rosenlegal.com/cases-994.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or kchan@rosenlegal.com. Attorney Advertising. Prior results do not guarantee a similar outcome.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

Contacts

The Rosen Law Firm, P.A.
Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin Chan, Esq.
275 Madison Avenue, 34th Floor
New York, NY 10016
Tel: 212-686-1060
Toll Free: 866-767-3653
Fax: 212-202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
kchan@rosenlegal.com
www.rosenlegal.com

Release Summary

Rosen Law Firm Representing Samarco Mineração S.A. Noteholders in Securities Class Action Lawsuit Seeking to Recover Investor Losses

Contacts

The Rosen Law Firm, P.A.
Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin Chan, Esq.
275 Madison Avenue, 34th Floor
New York, NY 10016
Tel: 212-686-1060
Toll Free: 866-767-3653
Fax: 212-202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
kchan@rosenlegal.com
www.rosenlegal.com