Class Action Filed Against Arconic Corporation (ARNC) Seeking Recovery for Investors - Contact Levi & Korsinsky
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A class action lawsuit has been filed against Arconic Corporation (ARNC) alleging that the company made false or misleading statements about its share repurchase programs between April 19, 2022 and May 3, 2023. The lawsuit claims Arconic conducted stock buybacks while possessing material nonpublic information and during active negotiations with Apollo, which violated securities trading rules.
March 21, 2025 | 2:30 pm
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NEGATIVE IMPACT
The lawsuit alleges Arconic violated Rule 10b5-1 and Rule 10b-18 during share repurchases, potentially exposing the company to financial penalties and reputational damage.
The lawsuit directly targets Arconic's stock repurchase practices, which could lead to financial penalties, legal costs, and potential investor confidence erosion.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100