SHAREHOLDER ALERT: Goldberg Law PC Announces an Investigation of Rio Tinto plc & Advises Investors with Losses to Contact the...
November 16 2016 - 1:17PM
Business Wire
Goldberg Law PC announces that it is investigating Rio Tinto plc
(“Rio Tinto” or the “Company”) (NYSE: RIO) concerning possible
violations of federal securities laws.
If you purchased or otherwise acquired Rio Tinto shares and
would like more information regarding the investigation, we
encourage you to contact Michael Goldberg or Brian Schall, of
Goldberg Law PC, 1999 Avenue of the Stars Suite 1100, Los Angeles,
CA 90067, at 800-977-7401, to discuss your rights without cost to
you. You can also reach us through the firm’s website at
http://www.Goldberglawpc.com, or by email at
info@goldberglawpc.com.
This investigation focuses on whether Rio Tinto and certain of
its officers and/or directors violated federal securities laws. On
November 9, 2016, Rio Tinto announced that on August 29, 2016, the
Company “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.” The Company began an investigation led by external
counsel, contacted U.K. and U.S. authorities, and suspended chief
executive Alan Davies. Legal & Regulatory Affairs group
executive Debra Valentine also stepped down from her role. On
November 15, 2016, the Financial Times published an article
alleging that external counsel for Rio Tinto learned about these
emails approximately one year ago, and that external counsel had
reported the emails to Debra Valentine. When this news was
announced, shares of Rio Tinto fell in value.
If you have any questions concerning your legal rights, please
immediately contact Goldberg Law PC at 800-977-7401, or visit our
website at http://www.Goldberglawpc.com, or email us at
info@goldberglawpc.com.
Goldberg Law PC represents shareholders around the world and
specializes in securities class actions and shareholder rights
litigation.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20161116006356/en/
Goldberg Law PC, Los AngelesMichael Goldberg, Esq.,
800-977-7401Brian Schall, Esq.,
800-977-7401info@goldberglawpc.comhttp://www.Goldberglawpc.com
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