Lead Plaintiff Deadline is December 22, 2017    

NEW YORK, Oct. 26, 2017 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP announces that a class action lawsuit has been filed in the United States District Court for the Southern District of New York against Rio Tinto plc ("Rio Tinto" or the "Company") (NYSE:RIO) on behalf of investors who purchased or otherwise acquired publicly traded American Depositary Receipts (ADRs) or publicly traded bonds on United States exchanges between October 23, 2012 and February 15, 2013, inclusive (the “Class Period”).

Investors who have incurred losses in Rio Tinto plc are urged to contact the firm immediately at classmember@whafh.com or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action on our website, www.whafh.com.

If you have incurred losses in the securities of Rio Tinto plc and would like to assist with the litigation process as a lead plaintiff, you may, no later than December 22, 2017, request that the Court appoint you lead plaintiff of the proposed class. Please contact Wolf Haldenstein to learn more about your rights as an investor in Rio Tinto plc.

In August 2011, Rio Tinto acquired certain Riversdale Mining Limited coal assets in Mozambique for approximately $3.7 billion.  In or around December 2012, the Chairman of the Board of Rio Tinto ordered an investigation into the true value of these coal assets.  In January 15, 2013, the Company's Board determined that the assets were severely impaired and should be written down to $611 million. 

On February 15, 2013, Rio Tinto disclosed the initial impact of the impairment to investors in a press release announcing the Company's financial and operating results for 2012.  On this disclosure, Rio Tinto's American Depositary Receipt price fell sharply over the following trading sessions, damaging investors.  After recording hundreds of millions of dollars in additional impairment charges, Rio Tinto ultimately sold the assets at issue for $50 million (less than two percent of the original $3.7 billion acquisition price).

Wolf Haldenstein Adler Freeman & Herz LLP has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country.  The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego.  The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.

If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein by telephone at (800) 575-0735, via e-mail at classmember@whafh.com, or visit our website at www.whafh.com.

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Contact:

Wolf Haldenstein Adler Freeman & Herz LLP
Kevin Cooper, Esq.
Gregory Stone, Director of Case and Financial Analysis
Email: gstone@whafh.com, kcooper@whafh.com or classmember@whafh.com
Tel: (800) 575-0735 or (212) 545-4774

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