NEW YORK, Nov. 16, 2016 /PRNewswire/ -- Attorney
Advertising -- Bronstein, Gewirtz & Grossman, LLC is
investigating potential claims on behalf of purchasers of Rio Tinto
plc ("Rio Tinto" or the "Company") (NYSE: RIO). Such investors are
advised to obtain additional information and assist the
investigation by visiting the firm's site: www.bgandg.com/rio.
The investigation concerns whether Rio Tinto and certain of its
officers and/or directors have violated Sections 10(b) and 20(a) of
the Securities Exchange Act of 1934.
On November 9, 2016, Rio Tinto
said that on August 29, 2016, it
"became aware of email correspondence from 2011 relating to
contractual payments totaling US$10.5
million made to a consultant providing advisory services on
the Simandou project in Guinea."
Rio Tinto began an investigation led by external counsel,
contacted U.K. and U.S. authorities, and suspended Alan Davies, chief executive of Energy and
Minerals. Debra Valentine, an executive of Rio Tinto's Legal
& Regulatory Affairs group also resigned. On November 15, 2016, the Financial Times
issued an article alleging that the external counsel that
investigated Rio Tinto discovered these emails through about a year
ago, and they had had reported these emails to Debra Valentine. Following this news, Rio
Tinto's stock dropped $1.52 per
share, or 3.83%, to close at $38.13
on November 15, 2016.
If you are aware of any facts relating to this investigation, or
purchased Rio Tinto shares, you can assist this investigation by
visiting the firm's site: www.bgandg.com/rio. You can also contact
Peretz Bronstein or his Investor
Relations Analyst, Yael Hurwitz of
Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation
boutique. Our primary expertise is the aggressive pursuit of
litigation claims on behalf of our clients. In addition to
representing institutions and other investor plaintiffs in class
action security litigation, the firm's expertise includes general
corporate and commercial litigation, as well as securities
arbitration. Attorney advertising. Prior results do not
guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com
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