GARDEN CITY, N.Y.--(BUSINESS WIRE)--JFJN Law (the “firm) announces an investigation of Arconic Inc. (“Arconic”) (NYSE:ARNC, ARNC-P, ARNC-PB) on behalf of aggrieved shareholders.
The investigation concerns whether Arconic and certain of its Directors and/or Officers violated federal securities laws. On June 24, 2017 the New York Times issued a report, “Why Grenfell Tower Burned: Regulators Put Cost Before Safety”. The article continues to report that Arconic supplied flammable panels for use in the construction of the Grenfell Tower in London where 79 people died and stated that Arconic’s marketing material contained a less thorough safety warning in the U.K. than used in there marketing material used in other countries. After the June 24, 2017 report, Arconic announced that it would discontinue sales of Reynobond PE, the alleged panel used at Grenfell Tower.
Following this news, Arconic stock has fallen as much as $2.89, or over 11% during intraday trading on June 26, 2017.
If you suffered a significant financial loss as a result of Arconic’s conduct or have information that would help in our investigation, please contact our office.
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