The information contained on this website is only a summary of the information presented in more detail in the Notice of (I) Pendency of Class Action and Proposed Settlement; (II) Settlement Hearing; and (III) Motion for Attorneys’ Fees and Litigation Expenses (the "Notice"). Because this website is just a summary, you should review the Notice for additional details.

Summary of the Action and Settlement

This Website relates to a Settlement of claims in a securities class action brought by investors alleging that Defendants Rio Tinto plc and Rio Tinto Limited (together, “Rio Tinto”), Jean-Sébastien Jacques and Arnaud Soirat made material misrepresentations and omissions during the Class Period about the business of Turquoise Hill Resources Ltd. (“Turquoise Hill”), including misstatements concerning the development of the Oyu Tolgoi mine in Mongolia and related delays and cost overruns.

Lead Plaintiff, on behalf of itself and the Settlement Class, has settled the Action in exchange for payment of $138,750,000 in cash (the “Settlement Amount”).  The Net Settlement Fund (i.e., the Settlement Amount plus any and all interest earned thereon (the “Settlement Fund”) less (a) any Taxes, (b) any Notice and Administration Costs, (c) any Litigation Expenses awarded by the Court, (d) any attorneys’ fees awarded by the Court; and (e) any other costs or fees approved by the Court) will be distributed in accordance with the Plan of Allocation approved by the Court, which will determine how the Net Settlement Fund shall be allocated among members of the Settlement Class.  

On October 15, 2025, the Court held a hearing to consider the final approval of the Settlement and other matters. On October 23, 2025, the Court entered orders approving the Settlement, the Plan of Allocation, and Lead Counsel's motion for attorney's fees and litigation expenses, and entered a final Judgement Approving Class Action Settlement.

If you are a member of the Settlement Class, you are subject to the Settlement, unless you timely requesed to be excluded. The Settlement Class consists of:  

all persons and entities who purchased or otherwise acquired Turquoise Hill common stock, call options on Turquoise Hill common stock (or sold put options on Turquoise Hill common stock), or entered into swaps replicating a purchase of Turquoise Hill common stock, in domestic transactions or on U.S. exchanges, during the period from July 17, 2018 through July 31, 2019, inclusive (the “Class Period”), and were damaged thereby.

Excluded from the Settlement Class are: (i) Defendants and Former Defendants ; (ii) Immediate Family Members of any Individual Defendant or Individual Former Defendant; (iii) any person who is, or was during the Class Period, an officer or director of Rio Tinto, RTIH, or Turquoise Hill; (iv) any affiliates or subsidiaries of Rio Tinto, RTIH, or Turquoise Hill; (v) any entity in which any Defendant, Former Defendant, or any member of their Immediate Families has or had a controlling interest; (vi) the legal representatives, heirs, agents, affiliates, successors, or assigns of any such excluded persons and entities; and (vii) any prohibited person or organization who or which is a sanctions target, the subject of any applicable trade sanction or embargo or appears on a list of prohibited persons or organizations. Also excluded from the Settlement Class are any persons who excluded themselves by submitting a request for exclusion in accordance with the requirements set forth in the Notice.  

Please read the Notice to fully understand your rights. Copies of the Notice and Claim Form can be found in the menu at the top of this page.

The deadline to submit a Claim Form to be eligible to participate in the Settlement was September 24, 2025.

Payments to eligible claimants will be made only after any appeals are resolved, and after the completion of all claims processing. Please be patient, as this process will take some time to complete.

How do I obtain more information?

Detailed information about the Settlement is contained in the Notice, a copy of which can be found in the menu at the top of this page. Additional information can also be obtained by contacting the Claims Administrator by calling toll-free (855) 779-3513, emailing info@TurquoiseHillSecuritiesLitigation.com or mailing a letter to:

Turquoise Hill Securities Litigation
c/o JND Legal Administration
P.O. Box 91153
Seattle, WA 98111

Inquiries should NOT be directed to the Court or the Clerk of the Court.