EQUITY ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Arconic Inc. of a Class Action Lawsuit and a Lead Plaintiff Deadline of September 11, 2017 – ARNC, ARNC-P, ARNC-PB
NEW YORK, NY / ACCESSWIRE / August 3,
2017 / The following statement is being issued by Levi &
Korsinsky, LLP:
To: All persons or
entities who purchased or otherwise acquired Arconic Inc.
(“Arconic”) (NYSE: ARNC, NYSE American: ARNC-P, NYSE: 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.
You are hereby notified that
securities class action lawsuits have been commenced in the United States
District Court for the Southern District of New York. To get more information,
go to: http://www.zlk.com/pslra-sbm/arconic-inc-2?wire=1,
or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone
at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or
obligation to you.
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.
Levi & Korsinsky is a national
firm with offices in New York, California, Connecticut, and Washington D.C. The
firm’s attorneys have extensive expertise and experience representing investors
in securities litigation, and have recovered hundreds of millions of dollars
for aggrieved shareholders. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
30 Broad Street – 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
SOURCE:
Levi & Korsinsky, LLP
ReleaseID: 471144