An investigation on behalf of current long term investors in Arconic Inc (NYSE:ARNC) shares over possible breaches of fiduciary duty by certain officers and directors was announced and NYSE:ARNC stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 09/26/2017 -- An investigation on behalf of current long-term investors in shares of Arconic Inc (NYSE:ARNC) over possible breaches of fiduciary duties by certain directors and officers of Arconic Inc was announced.
Investors who are current long term investors in Arconic Inc (NYSE:ARNC) shares, have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call 858-779-1554.
The investigation by a law firm for current long term investors in NYSE:ARNC stocks follows a lawsuit filed recently against Arconic Inc over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE:ARNC stocks, concerns whether certain Arconic directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between February 28, 2017, and June 26, 2017 the Defendants made false and/or misleading statements and/or failed to disclose thatArconic 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 foregoing, Arconic's public statements were materially false and misleading at all relevant times.
Those who purchased shares of Arconic Inc (NYSE:ARNC) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
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