NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky announces it has commenced an investigation of Rio Tinto plc (“Rio Tinto” or the “Company”) (NYSE:RIO) concerning possible violations of federal securities laws.
On October 17, 2017, the U.S. Securities and Exchange Commission charged Rio Tinto and two of its former top executives with fraud, alleging they inflated the value of coal assets in Mozambique and concealed critical information from the investing public. On the same day, The Financial Conduct Authority (FCA) announced it had fined Rio Tinto more than £27 million after determining that the Company “breached the Disclosure Rules by failing to carry out an impairment test and to recognize an impairment loss on the value of [certain] mining assets…when publishing its 2012 interim results.” To obtain additional information, go to:
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Levi & Korsinsky is a national firm with offices in New York, California, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.