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Name | Symbol | Market | Type |
---|---|---|---|
Rio Tinto Plc | NYSE:RIO | NYSE | Depository Receipt |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.64 | 0.92% | 70.33 | 70.45 | 68.99 | 70.45 | 2,576,728 | 23:25:41 |
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.
View source 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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