Securities and Exchange Commis v. Rio Tinto PLC

  1. November 17, 2023

    Rio Tinto Pays $28M To Settle SEC Fraud Suit

    Mining giant Rio Tinto PLC has agreed to pay $28 million to settle the U.S. Securities and Exchange Commission suit against the company over its public forecasts for the success of an ultimately decimated Mozambique mining project, according to a letter filed Friday in New York federal court.

  2. July 15, 2022

    2nd Circ. Won't Revive SEC Claims In Rio Tinto Fraud Case

    The U.S. Securities and Exchange Commission on Friday lost its bid to revive certain claims it brought against the mining giant Rio Tinto PLC and two of its executives when the Second Circuit agreed with a lower court that the agency needed to show more than misstatements and omissions to support the so-called scheme liability claims at the heart of the case.