Arconic Inc
0 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS
Case Summary | |
Company Name: | Arconic Inc |
Stock Symbol : | NYSE: ARNC |
Class Period Start: | 02/28/2017 |
Class Period End: | 06/26/2017 |
Lead Plaintiff motion: | 09/11/2017 |
Date Filed: | 07/13/2017 |
Type of Case: | Securities Class Action |
Court: | U.S. District Court for the Southern District of New York |
Summary: | Thieler Law Corp advises investors with losses exceeding $100,000 of the September 11, 2017 lead plaintiff deadline in a class action lawsuit filed against Arconic Inc (NYSE: ARNC) (“Arconic” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of New York and investors, who purchased Arconic Inc securities between February 28, 2017 and June 26, 2017, have until September 11, 2017 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class. If you purchased Arconic Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class. The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that the Company knowingly supplied its highly flammable Reynobond PE (polyethylene) cladding panels for use in construction; that the foregoing conduct significantly increased the risk of property damage, injury and/or death in buildings constructed with Arconic's Reynobond PE panels; and that as a result of the above, the Company's public statements were materially false and misleading at all relevant times. On June 24, 2017, an article published by Reuters claimed that Arconic supplied combustible cladding aluminum panels to a distributor for use at Grenfell Tower, the sight of a building blaze that resulted in the death of 79 people on June 14, 2017. On June 26, 2017, the Company revealed that it would discontinue sales of Reynobond PE, the panel model allegedly used at Grenfell Tower. Following this news, NYSE: ARNC dropped causing harm to investors. If you were negatively impacted by your investment in Arconic Inc securities between February 28, 2017 and June 26, 2017 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation. Thieler Law Corp purchases advertisements on search engines, social media sites and other websites. If you send us information, note that does not create an attorney-client relationship with the firm. Thieler Law Corp 2534 State Street - Suite 406, San Diego, CA 92101 by email: mail@thielerlaw.com or telephone at +1 (619) 377 - 4324 or visit our website http://www.thielerlaw.com/ or Facsimile: +1 (619) 785 – 3185 |