Vale Says Billionaire's 'Publicity Stunt' Distraction From Fraud

Law360 (June 26, 2020, 4:41 PM EDT) -- Vale SA told a Manhattan federal court Friday that Israeli billionaire Beny Steinmetz's attempt to open a new front in the battle over a soured Guinean mining project is a "transparent publicity stunt" crafted to divert attention away from his alleged fraudulent behavior.

The mining giant urged the court to reject Steinmetz's bid for a court order forcing Vale and Rio Tinto PLC, the former owner of the Guinean mining rights, to turn over information he intends to use to support his defense in the U.K. proceedings. Vale told the court not only should it reject the bid due to lack of...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!