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Turquoise Hill Resources Ltd. Securities Litigation Settlement

Last verified September 18, 2026Source: jndHow ClaimWatch verifies cases

Closed to new claims since September 24, 2025. Browse open settlements →

Where this case stands

Payments distributed March 16, 2026

The court approved the settlement and the administrator has reported sending payments to class members who filed valid claims.

Before Judge Lewis J. Liman, S.D.N.Y. (U.S. District Court, Southern District of New York) (No. 1:20-cv-08585-LJL).

  1. October 14, 2020
    Case filed
  2. September 24, 2025
    Claim deadline

    Claims had to be submitted by this date.

  3. October 15, 2025
    Final approval hearing

    The court hears any objections and decides whether to approve the settlement.

  4. October 23, 2025
    Final approval granted
  5. October 23, 2025
    Case closed by the court
  6. March 16, 2026
    Payments distributed

What happened

Rio Tinto plc, Rio Tinto Limited, and two executives made material misrepresentations and omissions about Turquoise Hill Resources' business, including misstatements about the development of the Oyu Tolgoi mine in Mongolia and related delays and cost overruns. Rio Tinto agreed to settle for $138.75 million without admitting wrongdoing.

Do you qualify?

Investors who purchased or acquired Turquoise Hill common stock, call options, put options, or entered into swaps replicating a purchase of Turquoise Hill common stock in domestic transactions or on U.S. exchanges between July 17, 2018 and July 31, 2019, and were damaged thereby. Excluded are defendants, their family members, officers/directors of the defendant companies and Turquoise Hill, affiliates, subsidiaries, and those who requested exclusion.

How to file

Claims had to be submitted by September 24, 2025, and that deadline has passed. Authorized claimants approved by the Court are receiving distributions on a rolling basis beginning April 2, 2026. For more information, contact JND Legal Administration at (855) 779-3513 or info@TurquoiseHillSecuritiesLitigation.com.

Common questions

How much does the Turquoise Hill Resources Ltd. Securities Litigation Settlement pay?
The settlement fund is $138.8M.Why settlement checks are smaller than the headline number →
What is the claim deadline for the Turquoise Hill Resources Ltd. Securities Litigation Settlement?
Closed to new claims — the deadline was September 24, 2025.
What is the status of the Turquoise Hill Resources Ltd. Securities Litigation Settlement?
Payments distributed March 16, 2026. The court approved the settlement and the administrator has reported sending payments to class members who filed valid claims.
Is the Turquoise Hill Resources Ltd. Securities Litigation Settlement notice real, or a scam?
JND Legal Administration is the court-appointed administrator. Claims are filed only at turquoisehillsecuritieslitigation.com. Filing is always free, and no administrator asks for payment or a full Social Security number by email or text.How to tell a real settlement notice from a scam →
Who are the attorneys in the Turquoise Hill Resources Ltd. Securities Litigation Settlement?
For the plaintiffs: Joseph Alexander Hood , II (Pomerantz LLP); Jeremy Alan Lieberman (Pomerantz LLP); Seth Maxwell Pavsner (Cuddy & Feder LLP); Frank Rocco Schirripa (Hach Rose Schirripa & Cheverie LLP). For Rio Tinto plc, Rio Tinto Limited, Jean-Sébastien Jacques, and Arnaud Soirat: Sarah Heaton Concannon (Quinn Emanuel Urquhart & Sullivan); Jomaire Crawford (Quinn Emanuel Urquhart & Sullivan (NYC)); Evan Forbes (Quinn Emanuel Urquhart & Sullivan, LLP); Cohl K. Love (Kirkland & Ellis LLP). From the public court docket.

Who's involved

Plaintiffs

  • Nicholas Lion(Consolidated Plaintiff)
  • Anthony Franchi

Defendants

  • Jean-Sebastien Jacques
  • Arnaud Soirat
  • Rio Tinto International Holdings Limited
  • Rio Tinto Limited
  • Rio Tinto PLC
  • Luke Colton
  • Brendan Lane
  • Ulf Quellmann

+ 1 more

Counsel for plaintiffs

Counsel for defendants

Other cases these firms appear in

From the public court docket, contact details as filed; not an endorsement.

In the news

Headlines via NewsAPI.

Guides:Why is my settlement check so small?How long a settlement takes to pay outIs this settlement notice real, or a scam?

Summarised from public settlement documents; confirm terms on the official settlement website. ClaimWatch is not a law firm, and filing a claim is free.

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