NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky announces it has commenced an investigation of Arconic Inc. (NYSE: ARNC) concerning possible violations of federal securities laws.
On June 24, 2017, The New York Times published an article describing the causes of the June 14, 2017 fire at the Grenfell Tower apartment complex in London, England that killed at least 79 people. The article reported that Grenfell Tower’s façade consisted of panels containing combustible polyethylene cores, manufactured and marketed by Arconic, that “enabled the fire to spread rapidly on the exterior of the building.” The article further reported that Arconic’s U.K. marketing materials for the façade panels contain a less detailed safety warning than the Company's marketing materials for other European countries. Then on June 26, 2017, Arconic announced it would discontinue global sales of the tiles “because of the inconsistency of building codes across the world and the issues that have arisen in the wake of the Grenfell Tower tragedy regarding code compliance of cladding systems in the context of buildings’ overall designs.” To obtain additional information, go to:
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