INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Arconic Corporation. of Class Action Lawsuit and Upcoming Deadlines - ARNC
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Pomerantz LLP has filed a class action lawsuit against Arconic Corporation (ARNC) alleging securities fraud. The lawsuit claims that Arconic and its officers failed to disclose a potential acquisition offer from Apollo Global Management while simultaneously conducting stock buybacks, which artificially deflated the company's stock price. On May 4, 2023, Arconic announced an all-cash acquisition by Apollo at $30.00 per share, causing the stock to jump 28.3% from $22.55 to $28.93.
March 23, 2025 | 2:15 pm
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NEUTRAL IMPACT
Arconic's stock may experience volatility due to the class action lawsuit alleging securities fraud and non-disclosure of material information about a potential acquisition.
The lawsuit directly targets Arconic and alleges serious securities fraud, which could lead to potential financial penalties, reputational damage, and investor uncertainty. The stock price may remain volatile as the legal proceedings unfold.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100