Arconic Inc. (ARNC) Loss Submission Form
Levi & Korsinsky, LLP announces the filing of class action complaints in the USDC for the Southern District of New York on behalf of persons or entities who purchased or otherwise acquired Arconic Inc. (“Arconic”) (NYSE: ARNC, ARNC-P, ARNC-PB) (1) between November 4, 2013 and June 26, 2017 and/or (2) who purchased Arconic Depositary Shares, each representing a 1/10th interest in a share of 5.375% Class B Mandatory Convertible Preferred Stock, Series 1, pursuant and/or traceable to the Registration Statement and Prospectus issued in connection with Arconic’s initial public offering on September 18, 2014.
The class action complaints collectively allege that throughout the class period Defendants issued materially false and/or misleading statements and/or failed to disclose that: (i) Arconic knowingly supplied its highly-flammable Reynobond PE (polyethylene) cladding panels; (ii) the foregoing conduct significantly increased the risk of property damage, injury and/or death in buildings constructed with Reynobond PE panels; (iii) Arconic’s marketing and sales of Reynobond PE in high-rise tower projects directly conflicted with the Arconic’s claimed culture of safety, ethics and legal compliance; and (iv) as a result of the foregoing, Arconic’s public statements were materially false and misleading at all relevant times.
If you suffered a loss in Arconic you have until September 11, 2017 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
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