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Brazil’s Vale says US court annuls most of class action over dam disaster

Brazilian miner Vale said on Friday the US District Court for the Southern District of New York annulled the majority of a class action lawsuit against the company and executives over the collapse of a tailings dam in Brazil in 2015.

The only parts of the case that remain ongoing are linked to specific statements made by Vale in 2013 and 2014, and a conference call in November 2015, the company said.