Arconic Corporation Sued for Securities Law Violations - Investors Should Contact Levi & Korsinsky Before March 31, 2025 to Discuss Your Rights - ARNC
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Levi & Korsinsky law firm has filed a class action lawsuit against Arconic Corporation (ARNC) alleging the company made false statements about its share repurchase programs. The lawsuit claims Arconic violated securities laws by repurchasing shares while possessing material nonpublic information and not disclosing ongoing negotiations with Apollo during the period of April 19, 2022 to May 3, 2023.
March 20, 2025 | 8:15 pm
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The lawsuit alleges Arconic violated securities laws during share repurchases, potentially exposing the company to financial penalties and reputational damage.
The lawsuit directly targets Arconic's corporate actions, potentially leading to financial penalties, legal costs, and investor uncertainty. The allegations of misleading statements about share repurchases could negatively impact investor confidence.
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