Shareholders Class Action Filed Against Arconic, Inc.
Pursuant to a Court Order, notice is hereby given that a class action lawsuit has been filed on behalf of those who purchased or otherwise acquired Arconic, Inc. (“Arconic”) (NYSE:ARNC) (NYSE:ARNC-PB) common or preferred stock during the Class Period between November 4, 2013 and June 26, 2017, inclusive (the “Class Period”) and/or purchased or otherwise acquired Arconic Class B Preferred Shares pursuant and/or traceable and/or traceable to the company’s initial public offering on or about September 18, 2014 (the “IPO”).
Arconic investors may receive additional information about the case by clicking the link "Join this Class Action" above.
According to the complaint, Arconic Inc. is a global provider of lightweight multi-material solutions, focused on the aerospace market in addition to serving the automotive, industrial gas turbine, commercial transportation, and building and construction markets. The Company also provides titanium, aluminum, nickel-based alloy, and specialty alloy solutions. Arconic was established as a result of a spin-off of the mining and raw aluminum manufacturing operations of Alcoa, Inc. on November 1, 2016.
On August 11, 2017, a class action was filed in United States District Court, Western District of Pennsylvania, under style of Howard v. Arconic Inc. et al., and docketed under 2:17-cv-01057, on behalf of a class consisting of investors who purchased or otherwise acquired Arconic common or preferred stock between November 4, 2013 and June 26, 2017, both dates inclusive (the “Class Period”), seeking to recover compensable damages caused by Defendants’ for violations of the Securities Exchange Act of 1934 (the “Exchange Act”).
On September 15, 2017, a class action was filed in United States District Court, Western District of Pennsylvania, under style of Sullivan v. Arconic Inc. et al., and docketed under 2:17-cv-01213, on behalf of a class consisting of investors who purchased or otherwise acquired Arconic Depositary Shares, each representing a 1/10 interest in a share of 5.375% Class B Mandatory Convertible Preferred Stock, Series 1, par value $1, liquidation preference $500 per share (“Class B Preferred Shares”), pursuant and/or traceable to the Registration Statement and Prospectus issued in connection with Arconic’s September 18, 2014 initial public stock offering (“IPO”), seeking to recover compensable damages caused by Defendants’ violations of the Securities Act of 1933 (the “Securities Act”). Both of the foregoing actions are pending before United States District Judge Mark R. Hornak.
If you are a member of the class described above, you may no later than December 8, 2017 move the Court to serve as lead plaintiff of the class, if you so choose.
A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately represent the class. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Any member of the purported class may move the court to serve as a lead plaintiff through counsel of their choice, or may choose to do nothing and remain an inactive class member.
Kessler Topaz Meltzer & Check, LLP has not filed a complaint in this matter. If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP toll free at 1-888-299-7706 or 1-610-667-7706, or via e-mail at [email protected]. For more information about Kessler Topaz Meltzer & Check, LLP, please visit our website at https://www.ktmc.com. If you would like additional information about the suit, please fill out the attached form as promptly as possible and return it by fax to 610-667-7056, or by mail in the enclosed envelope.
CONTACT:
Kessler Topaz Meltzer & Check, LLP
James Maro, Esq. or Adrienne Bell, Esq.
280 King of Prussia Road
Radnor, PA 19087
1-888-299-7706 (toll free) or 1-610-667-7706
Or by e-mail at [email protected]
Please complete this form and list your purchase and sale transaction(s) for Arconic, Inc. (“Arconic”) (NYSE:ARNC) (NYSE:ARNC-PB) common or preferred stock during the Class Period between November 4, 2013 and June 26, 2017, both dates inclusive (the “Class Period”), and/or purchased or otherwise acquired Arconic Class B Preferred Shares pursuant and/or traceable to the company’s initial public offering on or about September 18, 2014 (the “IPO”) (the “Class Period”):