Rio Tinto plc

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Case Summary
Company Name: Rio Tinto plc
Stock Symbol : NYSE: RIO
Class Period Start: 03/16/2012
Class Period End: 11/14/2016
Lead Plaintiff motion: 02/10/2017
Date Filed: 12/09/2016
Type of Case: Securities Class Action
Court: U.S. District Court for the Southern District of New York
Summary:

Thieler Law Corp advises investors with losses exceeding $100,000 of the February 10, 2017 lead plaintiff deadline in a class action lawsuit filed against Rio Tinto plc (NYSE: RIO) (“Rio Tinto” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of New York and investors, who purchased Rio Tinto plc securities between March 16, 2012 and November 14, 2016, have until February 10, 2017 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Rio Tinto plc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Rio Tinto violated anti-corruption laws in connection with its operations in the Simandou project; the foregoing violations would expose the Company to significant scrutiny and large fines; and as a result of the foregoing, Rio Tinto’s public statements were materially false and misleading at all relevant times.

On November 9, 2016, Rio Tinto revealed that on August 29, 2016, it "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." The Company started an investigation, contacted U.K. and U.S. authorities, and suspended chief executive of Energy and Minerals, Mr. Davies. Also, an executive of Rio Tinto's Legal & Regulatory Affairs group, Ms. Valentine resigned.

On November 14, 2016, an article published by Bloomberg News stated: "Rio CEO Says Staff 'Shocked' by Probe That May Take Years."

On this news, Rio Tinto's ADR price dropped 3.83% on November 15, 2016.

If you were negatively impacted by your investment in Rio Tinto plc securities between March 16, 2012 and November 14, 2016 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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