TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement 
LG Energy Solution Shares Slide After Ford Cancels EV Battery Supply Deal 
Volaris and Viva Agree to Merge, Creating Mexico’s Largest Low-Cost Airline Group 
Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz 
Elon Musk Wins Reinstatement of Historic Tesla Pay Package After Delaware Supreme Court Ruling 
ANZ New CEO Forgoes Bonus After Shareholders Reject Executive Pay Report 
Google and Apple Warn U.S. Visa Holders to Avoid International Travel Amid Lengthy Embassy Delays 
Instacart Stock Drops After FTC Probes AI-Based Price Discrimination Claims 
Delta Air Lines President Glen Hauenstein to Retire, Leaving Legacy of Premium Strategy 
Union-Aligned Investors Question Amazon, Walmart and Alphabet on Trump Immigration Policies 
Oracle Stock Slides After Blue Owl Exit Report, Company Says Michigan Data Center Talks Remain on Track 
Harris Associates Open to Revised Paramount Skydance Bid for Warner Bros Discovery 
Trump Administration Reviews Nvidia H200 Chip Sales to China, Marking Major Shift in U.S. AI Export Policy 
Apple Opens iPhone to Alternative App Stores in Japan Under New Competition Law 
U.S. Lawmakers Urge Pentagon to Blacklist More Chinese Tech Firms Over Military Ties 
7-Eleven CEO Joe DePinto to Retire After Two Decades at the Helm 
Roche CEO Warns US Drug Price Deals Could Raise Costs of New Medicines in Switzerland 
SAN FRANCISCO, Jan. 06, 2017 -- Hagens Berman Sobol Shapiro LLP reminds investors in Rio Tinto plc (NYSE: RIO) of the February 10, 2017 Lead Plaintiff deadline in the bribery-related securities class action lawsuit.
If you purchased or otherwise acquired securities of RIO between March 16, 2012 and November 14, 2016 and suffered over $50,000 in losses contact Hagens Berman Sobol Shapiro LLP. For more information visit:
https://www.hbsslaw.com/cases/RIO
or contact Reed Kathrein, who is leading the firm’s investigation, by calling 510-725-3000 or emailing [email protected].
On November 9, 2016 Rio Tinto alerted U.S. and U.K. regulatory authorities to 2011 emails concerning $10.5 million in payments made to a consultant related to its Simandou project in Guinea. Rio’s Energy & Materials CEO (Alan Davies), who was accountable for the Simandou project, was immediately suspended. On November 15, 2016 both Alan Davies and Rio’s Legal & Regulatory Affairs executive (Debra Valentine) were fired.
In addition, on December 12, 2016 BSG Resources Ltd. sent a “Letter Before Action” to Rio setting forth facts in support of its pre-suit claims that Rio’s alleged bribery conduct caused extensive losses and damages to BSG that it estimates “runs to billions of US dollars.”
Defendants also confirmed the SEC is investigating Rio’s accounting for certain other operations.
“We’re focused on the alleged bribery issues, the circumstances surrounding the firings of Davies and Valentine, and other possible accounting improprieties that would violate Federal securities laws,” said Hagens Berman partner Reed Kathrein.
Whistleblowers: Persons with non-public information regarding Rio should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new SEC whistleblower program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 510-725-3000 or email [email protected].
About Hagens Berman
Hagens Berman is a national investor-rights law firm headquartered in Seattle, Washington with offices in 10 cities. The Firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the Firm and its successes can be found at www.hbsslaw.com. Read the Firm’s Securities Newsletter, and visit the blog. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.
Contact: Reed Kathrein, 510-725-3000
