November 17, 2023
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.
July 15, 2022
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.