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Events / Business / Arconic Securities Class Action Lawsuit
Business class action lawsuit

Arconic Securities Class Action Lawsuit

Analysis based on 14 articles · First reported Feb 14, 2025 · Last updated Mar 07, 2025

Sentiment
-20
Attention
2
Articles
14
Market Impact
General
Live prominence charts, article sentiment distribution, and event development timeline available on the Ergen Dashboard
Market Impact

The class action lawsuit against Arconic for alleged securities fraud could negatively impact Arconic's stock price and reputation. Investors who suffered losses during the specified period may seek compensation, potentially leading to financial liabilities for Arconic.

Aluminum Legal Services
Event Summary

Levi & Korsinsky has filed a class action securities lawsuit against Arconic, alleging that the company made false and misleading statements in its quarterly and annual reports. The lawsuit claims that Arconic's share repurchase programs were not in compliance with Rule 10b5-1 and Rule 10b-18, as the company allegedly conducted repurchases while in possession of material nonpublic information. Furthermore, Arconic is accused of failing to disclose ongoing negotiations with Apollo Global Management during the period of these share repurchases. The lawsuit covers investors who sold Arconic common stock between April 19, 2022, and May 3, 2023, with a lead plaintiff deadline of March 31, 2025.

Key Actions
95 Arconic made false statements
90 Levi & Korsinsky notifies investors of lawsuit Arconic
90 Arconic failed to disclose negotiations Apollo Global Management
Entities Involved
stock
Arconic
Arconic is the defendant in a class action securities lawsuit, accused of making false and misleading statements regarding its share repurchase programs and failing to disclose negotiations with Apollo.
Importance 100.0 Sentiment -30.0
priv
Levi & Korsinsky
Levi & Korsinsky is the law firm notifying investors of the class action securities lawsuit against Arconic and is representing the plaintiffs.
Importance 80.0 Sentiment 20.0
stock
Apollo Global Management
Arconic allegedly failed to disclose ongoing negotiations with Apollo Global Management while conducting share repurchases, which is a key part of the lawsuit's claims.
Importance 40.0 Sentiment 0.0
per
Joseph E. Levi
Joseph E. Levi is an attorney at Levi & Korsinsky and a contact person for investors interested in the class action lawsuit.
Importance 10.0 Sentiment 0.0
Relationships
Levi & Korsinsky related ↔ Joseph E. Levi
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