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Rio Tinto faces class action suit over Mozambique coal

By:  
Creamer Media Senior Deputy Editor: Australasia
 
LEGAL ACTION
US law firm Hagens Berman has launched a class action lawsuit against mining major Rio Tinto over the miner’s 2011 investment in the Mozambique coal assets. The lawsuit claims that Rio and certain of its former executives violated the Securities Exchange Act, and made false and misleading statements, or failed to disclose adverse information regarding the true value of the Mozambique coal assets.
 
 
 
 
 

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