Securities and Exchange Commission v. Rio Tinto PLC et al

  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.

  3. March 18, 2019

    SEC's Rio Tinto Fraud Case Trimmed, But Moves Forward

    The U.S. Securities and Exchange Commission's suit against mining giant Rio Tinto over its public forecasts for the success of an ultimately decimated Mozambique mining project can go forward, a federal judge in Manhattan ruled Monday, though multiple claims were dismissed.

  4. July 31, 2018

    Rio Tinto Seeks Docs From Int'l PwC Firms In SEC Fraud Suit

    Mining giant Rio Tinto asked a New York federal judge on Tuesday to issue letters requesting international judicial assistance in compelling three internationally located PricewaterhouseCoopers firms to produce documents and other evidence that could aid its defense in a fraud suit from the U.S. Securities and Exchange Commission.

  5. March 21, 2018

    SEC Defends Fraud Suit Against Rio Tinto, Former Execs

    The U.S. Securities and Exchange Commission has asked a Manhattan federal judge to keep its fraud suit against mining giant Rio Tinto and two former executives alive, saying they filed evidence the court can't consider and invoked "far-fetched" and "absurd" arguments in their effort to have the suit dismissed.

  6. March 07, 2018

    Rio Tinto, Ex-Execs Urge Toss Of SEC Suit Over Coal Flop

    Mining giant Rio Tinto and two former executives accused by the U.S. Securities and Exchange Commission of defrauding investors about a coal mining project in Mozambique have asked a Manhattan federal judge to dismiss the case, saying they didn't mislead the shareholders.

  7. October 17, 2017

    Rio Tinto Hit With SEC Fraud Suit, $36.5M UK Fine

    Mining company Rio Tinto and two former top executives inflated the value of a Mozambique coal business originally acquired for $3.7 billion, the U.S. Securities and Exchange Commission alleged in a suit filed Tuesday, the same day Britain's Financial Conduct Authority said the London-based company would have to pay a £27 million ($36.5 million) fine for related breaches of disclosure rules.