NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP reminds investors who purchased Arconic Corporation (“Arconic” or the “Company”) (NYSE:ARNC) securities to contact Thomas W. Elrod of Kirby McInerney LLP by email at investigations@kmllp.com, or fill out the contact form below, to discuss your rights or interests with respect to the securities fraud class action lawsuit against the Company.
The lawsuit was filed on behalf of investors who acquired Arconic securities from April 19, 2022, through May 3, 2023 (“the Class Period”). Investors have until March 31, 2025, to apply to the Court to be appointed as lead plaintiff in the lawsuit.
The complaint alleges that defendants, throughout the Class Period, failed to disclose that a takeover offer at a substantial premium had been proposed by a serious bidder, artificially deflated the price of Arconic common stock, all the while Arconic was able to take advantage of those artificially lower prices by repurchasing shares.
[LEARN MORE ABOUT THE CLASS ACTION]
Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website.
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