Turquoise Hill, Rio Tinto Want Investor Suit on Mine Tossed

Turquoise Hill Resources Ltd. investors who accuse it and majority owner Rio Tinto PLC of misleading them about a Mongolian mine failed to allege wrongdoing, so their suit should be thrown out, the companies said in federal court in New York.

Investors allege Turquoise Hill and Rio Tinto misled them about progress on the Oyu Tolgoi copper-gold mine. But the challenged statements aren’t actionable, and the would-be class complaint didn’t sufficiently allege an intent to deceive, according to two memos filed in the U.S. District Court for the Southern District of New York in support of the companies’ motions to ...