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Email 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. https://www.cadwalader.com/resources/clients-friends-memos/esg-enforcement-watch--sec-files-fraud-complaint-against-brazilian-miner-vale-over-false-safety-claims-prior-to-environmental-disaster