-- The U.S. Securities and Exchange Commission may pursue a 2017 lawsuit against mining company Rio Tinto PLC, a judge ruled Monday, Reuters reports.

-- Judge Analisa Torres of the U.S. District Court for the Southern District of New York rejected a bid by the mining company to dismiss the lawsuit against the company and two former top executives, the report said.

-- The SEC claims the company and the executives misled investors about the value of Mozambique coal assets obtained in an acquisition that caused huge losses for Rio Tinto.

 

www.wsj.com/articles/sec-sues-rio-tinto-two-former-executives-1508278508

 

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

March 18, 2019 13:00 ET (17:00 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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