RIO TINTO SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Rio Tinto PLC - (RIO)
Summary
NEW ORLEANS, Dec. 15, 2017 (GLOBE NEWSWIRE) -- ClaimsFiler, a FREE shareholder information service, reminds 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”).Rio Tinto and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.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.ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements.ClaimsFilers team of experts monitor the securities class action landscape and cull information from a variety of sources to ensure comprehensive coverage across a broad range of financial instruments.