IMPORTANT SHAREHOLDER ALERT: Lundin Law PC Announces an Investigation of Rio Tinto plc & Advises Investors with Losses to Con...
November 16 2016 - 4:45PM
Business Wire
Lundin Law PC, a shareholder rights firm, announces that it is
investigating claims against Rio Tinto plc (“Rio Tinto” or the
“Company”) (NYSE: RIO) concerning possible violations of federal
securities laws.
To get more information about this investigation, please contact
Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or via
email at brian@lundinlawpc.com.
This investigation focuses on the November 9, 2016 announcement
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.” Rio Tinto 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.
Lundin Law PC was founded by Brian Lundin, a securities
litigator based in Los Angeles dedicated to upholding shareholders’
rights.
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/20161116006627/en/
Lundin Law PCBrian Lundin, Esq.Telephone: 888-713-1033Facsimile:
888-713-1125brian@lundinlawpc.comhttp://lundinlawpc.com/
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