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Colbert v. Rio Tinto PLC et al
Case Number:
1:17-cv-08169
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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June 04, 2019
Rio Tinto Dodges Investor Suit Over Mozambique Coal Fraud
Rio Tinto dodged an investor suit over a Mozambican mining project on Monday after a New York federal judge found that all of the mining giant's allegedly misleading statements were either made more than five years before the suit was filed or were insufficient to prove malfeasance.
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October 24, 2017
Rio Tinto Hit With Investor Suit Over Mozambique Coal Fraud
Rio Tinto and two former top executives were slapped Monday in New York federal court with a lawsuit by investors seeking damages after the U.S. Securities and Exchange Commission accused the company of fraudulently concealing the decline in value of a Mozambique coal business that it acquired for $3.7 billion and later sold for just $50 million.