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.
San Diego, CA -- (SBWIRE) -- 11/08/2017 -- Certain directors of Arconic Inc are under investigation over possible wrongdoing. The investigation was announced for current long-term investors in NYSE:ARNC shares.
Investors who are current long term investors in Arconic Inc (NYSE:ARNC) shares should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm for investors in NYSE:ARNC stocks follows a lawsuit filed 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 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.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com