Lead Plaintiff Deadline is Approaching - Act Now
Arconic Corporation® Class Action
Charter Township of Shelby Police & Fire Pension & Retirement System v. Arconic Corporation et al.
Arconic Corporation
NYSE : ARNC
Class Period : 04/19/2022 - 05/03/2023
Lead Plaintiff Motion Deadline: 3/31/2025
Alleged Misstatements and Omissions
The Arconic class action lawsuit claims that the company misled investors by failing to disclose material non-public information regarding acquisition offers while simultaneously repurchasing shares at artificially deflated prices. Specifically, Arconic allegedly:
- Withheld information about acquisition offers from Apollo Global Management, Inc. ("Apollo") at a substantial premium to its then-current stock price.
- Continued stock buybacks at prices well below Apollo’s offer range of $34–$36 per share, depriving shareholders of potential gains.
- Apollo did not disclose its formal acquisition proposal while actively trading its securities, violating its obligation to shareholders.
These misleading actions created an inaccurate valuation of Arconic's stock and misled investors regarding the company's financial standing and acquisition potential.
Effects on Stock Prices
A series of critical disclosures revealed the truth and significantly impacted shareholders:
- February 28, 2023: The Wall Street Journal reported Apollo’s acquisition interest, causing Arconic's stock price to surge 21.5%, rising from $21.76 to $26.44 per share in one day.
- May 4, 2023: Arconic announced an agreement to be acquired by Apollo for $30 per share, resulting in a 28.3% stock price jump from $22.55 to $28.93 per share.
- August 18, 2023: The merger closed with Apollo acquiring Arconic for $30 per share, reinforcing allegations that investors were misled about the company's true value.
Legal Rights for Affected Shareholders
Investors who purchased Arconic stock before its acquisition may have legal grounds to recover their losses. The lawsuit alleges Arconic misled shareholders by failing to disclose acquisition offers while engaging in stock repurchases at undervalued prices.
By joining this class action, you can:
- Seek financial compensation for losses tied to Arconic stock.
- Hold the company accountable for withholding material acquisition information.
- Advocate for greater transparency in corporate buyback and acquisition practices.
Take Action Today
Protect your legal rights by acting promptly. Contact experienced securities fraud attorneys to explore your options. Filing your claim before the legal deadline ensures you don't miss your chance to recover damages.
By joining the Arconic class action, you join other affected shareholders in demanding accountability and pursuing fair compensation. Don't wait—time is critical. Take action today.
DiCello Levitt Fights to Protect Shareholder Rights
At DiCello Levitt, we are dedicated to representing shareholders harmed by corporate misconduct. Our experienced legal team is committed to holding companies accountable when they mislead investors and cause financial losses. With a proven track record in securities litigation, we understand what it takes to build a strong case and fight for maximum compensation.
If you've suffered losses due to Arconic Corporation's alleged misstatements, we're here to help. Contact us today for a free, confidential case evaluation. Learn about your legal options and determine the potential value of your claim.
All affected investors deserve justice and compensation. Start with a free, private case review today.
The Importance of Joining a Class Action
Class action lawsuits can provide an efficient mechanism to compensate injured victims, hold wrongdoers accountable, or affect how a company or an industry operates. Class actions allow injured parties to come together and take on larger adversaries. By leveraging the power of a group class members the class can match the resources of a corporate defendant and put the parties on equal footing.
If you have been adversely affected by corporate misconduct, you may join DiCello Levitt’s class action lawsuit and help hold the wrongdoers responsible for their alleged misconduct, potentially recover your financial losses, and contribute to enforcing higher ethical, governance, and compliance standards. Your participation can make a difference.
To learn more about how to join the lawsuit and your potential eligibility, please contact DiCello Levitt. DiCello Levitt is committed to representing the interests of all affected parties and pursuing justice in this significant case.
Find Out if You may be a Member
of the Class
Arconic Corporation® Class Action
Charter Township of Shelby Police & Fire Pension & Retirement System v. Arconic Corporation et al.
NYSE : ARNC
Class Period : 04/19/2022 - 05/03/2023
Lead Plaintiff Motion Deadline: 3/31/2025
Alleged Misstatements and Omissions
The Arconic class action lawsuit claims that the company misled investors by failing to disclose material non-public information regarding acquisition offers while simultaneously repurchasing shares at artificially deflated prices. Specifically, Arconic allegedly:
- Withheld information about acquisition offers from Apollo Global Management, Inc. ("Apollo") at a substantial premium to its then-current stock price.
- Continued stock buybacks at prices well below Apollo’s offer range of $34–$36 per share, depriving shareholders of potential gains.
- Apollo did not disclose its formal acquisition proposal while actively trading its securities, violating its obligation to shareholders.
These misleading actions created an inaccurate valuation of Arconic's stock and misled investors regarding the company's financial standing and acquisition potential.
Effects on Stock Prices
A series of critical disclosures revealed the truth and significantly impacted shareholders:
- February 28, 2023: The Wall Street Journal reported Apollo’s acquisition interest, causing Arconic's stock price to surge 21.5%, rising from $21.76 to $26.44 per share in one day.
- May 4, 2023: Arconic announced an agreement to be acquired by Apollo for $30 per share, resulting in a 28.3% stock price jump from $22.55 to $28.93 per share.
- August 18, 2023: The merger closed with Apollo acquiring Arconic for $30 per share, reinforcing allegations that investors were misled about the company's true value.
Legal Rights for Affected Shareholders
Investors who purchased Arconic stock before its acquisition may have legal grounds to recover their losses. The lawsuit alleges Arconic misled shareholders by failing to disclose acquisition offers while engaging in stock repurchases at undervalued prices.
By joining this class action, you can:
- Seek financial compensation for losses tied to Arconic stock.
- Hold the company accountable for withholding material acquisition information.
- Advocate for greater transparency in corporate buyback and acquisition practices.
Take Action Today
Protect your legal rights by acting promptly. Contact experienced securities fraud attorneys to explore your options. Filing your claim before the legal deadline ensures you don't miss your chance to recover damages.
By joining the Arconic class action, you join other affected shareholders in demanding accountability and pursuing fair compensation. Don't wait—time is critical. Take action today.
DiCello Levitt Fights to Protect Shareholder Rights
At DiCello Levitt, we are dedicated to representing shareholders harmed by corporate misconduct. Our experienced legal team is committed to holding companies accountable when they mislead investors and cause financial losses. With a proven track record in securities litigation, we understand what it takes to build a strong case and fight for maximum compensation.
If you've suffered losses due to Arconic Corporation's alleged misstatements, we're here to help. Contact us today for a free, confidential case evaluation. Learn about your legal options and determine the potential value of your claim.
All affected investors deserve justice and compensation. Start with a free, private case review today.
The Importance of Joining a Class Action
Class action lawsuits can provide an efficient mechanism to compensate injured victims, hold wrongdoers accountable, or affect how a company or an industry operates. Class actions allow injured parties to come together and take on larger adversaries. By leveraging the power of a group class members the class can match the resources of a corporate defendant and put the parties on equal footing.
If you have been adversely affected by corporate misconduct, you may join DiCello Levitt’s class action lawsuit and help hold the wrongdoers responsible for their alleged misconduct, potentially recover your financial losses, and contribute to enforcing higher ethical, governance, and compliance standards. Your participation can make a difference.
To learn more about how to join the lawsuit and your potential eligibility, please contact DiCello Levitt. DiCello Levitt is committed to representing the interests of all affected parties and pursuing justice in this significant case.
100% Free & Secure Case Evaluations
Arconic® Corporation's Investors may have grounds to pursue legal action and financial recovery of damages.
This website offers general information only and is not legal or investment advice. This advertisement is not associated with any government agency.
www.stockfraudclaim.com is the property of Shield Legal LLC. 5170 Badura Ave Las Vegas, NV 89118
Participating law firm: DiCello Levitt LLP, 10 North Dearborn Street Sixth Floor Chicago, IL 60602. For additional terms, disclaimers, and conditions, please visit https://dicellolevitt.com/privacy-policy/
This website is not part of the Facebook website or Facebook, Inc., and it is NOT endorsed by Facebook in any way. FACEBOOK is a trademark of Facebook, Inc.
ATTORNEY ADVERTISING. This Website does not provide investment, legal, or medical advice. Every case is evaluated on its facts and circumstances. Valuation depends on facts, injuries, jurisdiction, venue, witnesses, parties, and testimony, among other factors. No representation is made that the quality of legal services to be performed is greater than the quality of legal services performed by other lawyers. Stock Fraud Claim does not itself provide legal services. Cases will be referred to third-party attorneys and law firms. Court costs and case expenses may be the responsibility of the client. Not available in all states. This advertisement is not intended as a testimonial, endorsement, or dramatization and does not constitute a guarantee, warranty, or prediction regarding the outcome of your legal matter, either expressed or implied. Anyone considering a lawyer should independently investigate the lawyer's credentials and ability, and not rely upon advertisements or self-proclaimed expertise. Only persons age 18 or older have permission to access our Service. Our Service does not address anyone under 13 ("Children").
NO ATTORNEY-CLIENT RELATIONSHIP. Use of this website, including sending or receiving information through it, does not establish an attorney-client relationship, nor is any non-passworded information considered privileged or confidential. No class has been certified. Until a case is filed and a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. An attorney-client relationship with DiCello Levitt is established only by an express written agreement signed by DiCello Levitt to represent you.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Privacy Policy | Terms and Conditions | CCPA Privacy Notice | Do Not Sell My Info
©2024 Stock Fraud Claim. All Rights Reserved