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billion to Brazilian mining companyValeSA, according to two proposed class actions filed in New York federal court. Some of the world's largest financial institutions have enabled environmental degradation and exacerbated the risk of catastrophic dam collapses by lending $17.2
million to Brazilian mining companyValeSA, arguing the claims don't belong in the United States because they are "all about Brazil." Four leading financial institutions urged a New York federal judge to throw out a pair of proposed class suits accusing them of enabling environmental degradation in Brazil by lending $17.2
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