U.S. judge says Rio Tinto must face SEC fraud case

Indonesia Berita Berita

U.S. judge says Rio Tinto must face SEC fraud case
Indonesia Berita Terbaru,Indonesia Berita utama
  • 📰 Reuters
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 97%

A U.S. judge on Monday rejected Rio Tinto Plc's bid to dismiss a Securities...

NEW YORK - A U.S. judge on Monday rejected Rio Tinto Plc’s bid to dismiss a Securities and Exchange Commission lawsuit accusing the Anglo-Australian mining company of civil fraud in its handling of a failed investment in a Mozambique coal project.

Torres narrowed the main fraud claim against Rio Tinto and Albanese to focus on the former CEO’s statements about Mozambique growth prospects, finding no proof they intended to overvalue Rio Tinto Coal Mozambique by more than $3 billion. Rio Tinto and lawyers for the defendants did not immediately respond to requests for comment. An SEC spokesman declined to comment.

Evidence included an internal May 2012 email from an RTCM executive that flagged poor communication between ministries, and the alleged “influence of corruption on decision-making.” “Through these statements, Albanese was misrepresenting material facts to investors,” Torres wrote in her 50-page decision.

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

Reuters /  🏆 2. in US

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Rio asks shareholders to vote against emissions resolutionRio asks shareholders to vote against emissions resolutionRio Tinto said on Monday it would recommend that shareholders vote against a res...
Baca lebih lajut »

Former police officers to face trial in murder of Rio councilwomanFormer police officers to face trial in murder of Rio councilwomanTwo former police officers were indicted on Friday on charges of killing Rio de ...
Baca lebih lajut »

Brazilian police arrest two former cops for death of black Rio councilwomanBrazilian police arrest two former cops for death of black Rio councilwomanBrazilian police arrest two ex-cops for murder of outspoken black Rio councilwoman
Baca lebih lajut »

Who ordered the assassination of Marielle Franco? A year after her death, Brazil still grievesWho ordered the assassination of Marielle Franco? A year after her death, Brazil still grievesAuthorities arrested two former military police officers Tuesday in the killing of Rio de Janeiro Councilwoman Marielle Franco and her driver.
Baca lebih lajut »

Two men arrested in killing of LGBTQ lawmaker Marielle Franco, Brazil police sayTwo men arrested in killing of LGBTQ lawmaker Marielle Franco, Brazil police sayBrazil police arrest 2 suspects in killing of LGBTQ lawmaker Marielle Franco and her driver, a brazen assassination that shocked and angered Brazilians and sparked protests in several countries. - NBCOUT
Baca lebih lajut »

Remembering Kelly Catlin: Concussion questions follow death of beloved Olympic cyclistRemembering Kelly Catlin: Concussion questions follow death of beloved Olympic cyclistA silver medalist in team pursuit in the 2016 Rio Olympics, the cyclist took her life last week.
Baca lebih lajut »

U.S. SEC sues Volkswagen, ex-CEO over alleged emissions fraud on investorsU.S. SEC sues Volkswagen, ex-CEO over alleged emissions fraud on investorsThe U.S. Securities and Exchange Commission (SEC) is suing Volkswagen (VW) and i...
Baca lebih lajut »

Volkswagen may face U.S. SEC lawsuit over failure to disclose emissions cheatingVolkswagen may face U.S. SEC lawsuit over failure to disclose emissions cheatingVolkswagen AG said the U.S. Securities and Exchange Commission may sue the Germa...
Baca lebih lajut »

Volkswagen, ex-CEO Winterkorn face SEC charges of misleading U.S. investorsVolkswagen, ex-CEO Winterkorn face SEC charges of misleading U.S. investorsIn a news release issued late Thursday, the SEC said the German auto maker raised billions of dollars through the corporate bond and fixed-income markets,...
Baca lebih lajut »



Render Time: 2025-03-20 13:57:52