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© 2026 Benzinga | All Rights Reserved
November 24, 2017 10:50 PM 2 min read

RIO TINTO SHAREHOLDER ALERT by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors with Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit against Rio Tinto PLC - (RIO)

by Business Wire
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RIO Logo
RIORio Tinto PLC
$92.99-0.45%
Overview

What You May Do

About the Lawsuit

Rio Tinto and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On this news, the price of Rio Tinto's shares plummeted.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.

To learn more about KSF, you may visit www.ksfcounsel.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20171124005007/en/

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© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Press Releases

Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until December 22, 2017 to file lead plaintiff applications in a securities class action lawsuit against Rio Tinto PLC (NYSE:RIO), if they purchased the Company's American Depositary Receipts ("ADRs") between October 23, 2012 and February 15, 2013, inclusive (the "Class Period"). This action is pending in the United States District Court for the Southern District of New York.

If you purchased ADR's of Rio Tinto and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ([email protected]), or visit http://ksfcounsel.com/cases/nyse-rio/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by December 22, 2017.

On October 17, 2017, an SEC complaint charged that as early as August 2012 the Company knew that various developments had rendered its coal assets in Mozambique ("RTCM") worthless (reportedly - $680 million), yet did not publicly disclose that fact, continued to publicly tout RTCM's value to investors, and continued to significantly overvalue it. Later, on February 15, 2013, the Company reported an 80% write-down, or $2.86B, for the asset.

RIO Logo
RIORio Tinto PLC
$92.99-0.45%
Overview
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