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 27, 2025 | 10:15 pm
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The class action lawsuit alleges material non-disclosure that potentially manipulated Arconic's stock price before its acquisition announcement by Apollo Global Management.
The lawsuit suggests potential corporate misconduct that could negatively impact investor confidence and stock performance. The legal action and allegations of securities fraud may create short-term stock price volatility and investor uncertainty.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100