Brazil's securities regulator CVM opens investigation into Vale after dam disaster

SAO PAULO (Reuters) - Brazil's securities regulator CVM opened on Monday an investigation into the conduct of mining company Vale SA in relation to the collapse of the Brumadinho dam in January which killed over 240 people.

In a statement, the CVM said it is investigating whether the company's management fulfilled its "fiduciary duties" to shareholders related to the disaster.

(Reporting by Gabriela Mello; Editing by Lisa Shumaker)

08/19/2019 21:32

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