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

By Sarah Jarvis (July 15, 2022, 9:47 PM EDT) -- 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....

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