June 5, 2020 / 2:02 AM / a month ago

2nd Circuit urged to revive shareholder lawsuit against Rio Tinto

A lawyer for investors on Thursday urged the 2nd U.S. Circuit Court of Appeals in New York to revive a class action against mining giant Rio Tinto stemming from a failed mining venture in Mozambique.

Kevin Green of Hagens Berman Sobol Shapiro argued to a three-judge panel that a lower court judge was wrong to find that the investors “abandoned” a key factual allegation by failing to raise it in opposing Rio Tinto’s motion to dismiss.

To read the full story on Westlaw Practitioner Insights, click here: bit.ly/2zVXVBo

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