Shareholders Foundation, Inc.

Investigation for Investors in Shares of Rio Tinto Plc (ADR) (NYSE:RIO) Announced

An investigation for investors in Rio Tinto plc (ADR) (NYSE:RIO) shares over potential securities laws violations by Rio Tinto plc was announced and NYSE:RIO stockholders should contact the Shareholders Foundation.

 

San Diego, CA -- (SBWIRE) -- 12/02/2016 -- An investigation on behalf of investors of Rio Tinto plc shares over potential securities laws violations by Rio Tinto plc in connection certain financial statements was announced.

Investors who purchased shares of Rio Tinto plc (ADR) (NYSE:RIO), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The investigation by a law firm focuses on a series of statements by Rio Tinto plc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On November 9, 2016, Rio Tinto plc announced that on August 29, 2016, the Company "became aware of email correspondence from 2011 relating to contractual payments totaling US$10.5 million made to a consultant providing advisory services on the Simandou project in Guinea." Rio Tinto plc launched an investigation led by external counsel, contacted U.K. and U.S. authorities, and suspended its Energy and Minerals chief executive Alan Davies. The Company's Legal & Regulatory Affairs group executive Debra Valentine also stepped down from her role.

On November 15, 2016, an article was published alleging that external counsel for Rio Tinto plc learned about these emails through external counsel approximately one year ago, and that external counsel had reported the emails to Debra Valentine. Shares of Rio Tinto plc (ADR) (NYSE:RIO) closed on December 1, 2016 at $38.35 per share.

Those who purchased shares of Rio Tinto plc (ADR) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com