Rio Tinto’s $139 Million Investor Mine Settlement Gets Court Nod

Rio Tinto Group‘s $138.75 million settlement with a class of Turquoise Hill Resources Ltd. investors earned a federal judge’s final approval to end allegations the parent company hid issues with one of the world’s largest copper mines.

The law firm leading the investors’ case will get 13% of that in attorneys’ fees—which shakes out to be more than $18 million—and almost $2.22 million reimbursed for litigation expenses, plus any related interest as accrued by the settlement fund, Judge Lewis J. Liman said Thursday. The US District Court for the Southern District of New York judge’s judgment approving the deal ...