NEW YORK--(BUSINESS WIRE)--Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Arconic, Inc. (“Arconic” or the “Company”) (NYSE:ARNC).
The investigation focuses on whether the Company and its executives violated federal securities laws by providing potentially illegal building materials for the construction of Grenfell Tower in London.
Specifically, Reuters published an article on June 24, 2017, claiming 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 announced that it would discontinue sales of Reynobond PE, the panel model allegedly used at Grenfell Tower. On this news, Arconic's stock price has fallen, causing harm to investors.
If you invested in Arconic stock or options and would like to discuss your legal rights, click here: www.faruqilaw.com/ARNC. There is no cost or obligation to you.
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