Eastern District Of New York Narrows Opt-Out Securities Suit Against Iron-Ore Mining Company.

On March 10, 2026, Judge Eric Komitee of the United States District Court for the Eastern District of New York partially dismissed an opt-out securities action against an iron-ore mining company (“Company”) and certain of its executives arising out of the alleged collapse of two Company dams in Brazil in 2015 and 2019. Orbis Global Equity LE Fund, et al., v. Vale S.A., et al., No. 21-cv-6590 (E.D.N.Y.). Plaintiffs’ complaint largely tracked a related class action in the same court, which... By: A&O Shearman