Publicly available records indicate that a class action lawsuit has been filed on behalf of investors in Rio Tinto PLC (NYSE: RIO) in connection to alleged violations of securities laws by RIO. Fitapelli Kurta is interested in hearing from investors who have complaints regarding investments made in Rio Tinto PLC between October 23, 2012 and February 15, 2013.
The class action complaint specifically alleges that during the period in question, RIO might have provided false and/or misleading material information, and/or failed to disclose adverse material information to the public, chiefly: that the company participated in violations of anti-corruption statutes in its operations regarding the Simandou mining project; that if these violations of anti-corruption laws came to light, the company might be subjected to considerable scrutiny and fines; and that consequently, the company’s statements to the public during the relevant period were false and misleading. The complaint alleges that when true facts emerged, investors suffered losses.
According to the company’s website, Rio Tinto PLC is a multinational metals and mining company that supplies “the metals and minerals that help the world to grow.” Its products include aluminum, copper, gold, diamonds, industrial minerals like borates, titanium dioxide and salt, iron ore, and thermal and metallurgical coal and uranium. The company employs approximately 50,000 individuals across 35 countries and six continents, with interests in Australia, North America, Asia, Europe, Africa and South America. It trades on the New York Stock Exchange under the symbol RIO.
A class action lawsuit has already been filed in connection with Rio Tinto PLC. If you wish to serve as lead plaintiff in the NAVI lawsuit, you must move the Court no later than December 22, 2017. If you wish to join the litigation, please contact Marc Fitapelli at 212-658-1501 or Jonathan Kurta at 212-658-1502. There is no cost or obligation to you and your ability to share in any recovery does not require that you serve as a lead plaintiff.