#United States #New York #Class Action #Levi Korsinsky #Arconic Corporation

Legal Concerns Surrounding Arconic Corporation's Alleged Securities Fraud

Overview

On March 28, 2025, Levi & Korsinsky, LLP alerted investors in Arconic Corporation (NYSE: ARNC) about a class action lawsuit alleging securities fraud. The firm aims to recover losses for shareholders who sold Arconic's common stock between April 19, 2022, and May 3, 2023. As various investors ponder their next steps, understanding the details of this case is crucial for anyone affected during this period.

Class Definition

The class action intends to represent a group of individuals who sold publicly traded shares during the aforementioned dates. Claimants need to understand that merely being a class member does not require them to lead the lawsuit. They can still claim a share of compensation associated with any recovery.

Case Details

The heart of the lawsuit lies in accusations against Arconic's management for making false or misleading statements. It was claimed that the company misrepresented the efficacy and compliance of its stock repurchase programs. Specifically, management stated these repurchases complied with Rule 10b5-1 and Rule 10b-18, which govern securities trading based on nonpublic information. Allegations suggest that, despite these assurances, Arconic conducted repurchases while having access to critical nonpublic information, contradicting their statements.

The situation escalated because Arconic was allegedly involved in negotiations with Apollo at the time of these repurchases. The defendants’ failure to disclose the entirety of negotiations during these statements misled shareholders, suggesting there were no ongoing discussions, which was not accurate at the time. This lack of transparency raises significant concerns over potential violations of federal securities laws.

Next Steps for Investors

Investors who incurred losses from Arconic's trading activities during the affected timeframe have until March 31, 2025, to come forward and request to be appointed as lead plaintiff in the case. Joining this action carries no upfront costs; affected parties are encouraged to participate without incurring fees out of pocket. This structure allows every individual to claim compensation if the court rules in favor of the plaintiffs.

Why Levi & Korsinsky?

Levi & Korsinsky has a history of championing shareholders' rights, with a well-earned reputation for securing substantial settlements on their behalf. The firm boasts a specialized team dedicated to handling complex securities litigation, consisting of over 70 professionals. Their track record includes recognition in the ISS Securities Class Action Services' Top 50 Report, highlighting their effectiveness in high-stakes legal battles.

Contact Information

For those interested in joining the class action, contact is essential. Joseph E. Levi, Esq. is available for inquiries and can be reached via email or phone at:

• - Email: email protected]
• - Phone: (212) 363-7500

For more information, please visit the [Levi & Korsinsky website.

This ongoing class action lawsuit represents an opportunity for those who have suffered losses related to Arconic Corporation to seek justice and recovery. As the deadline approaches, prompt action is advised to ensure participation in the proceedings.

Conclusion

Investors impacted by the alleged fraud must act swiftly to secure their potential claims. With the looming deadline, it is crucial to partner with a reliable firm like Levi & Korsinsky for guidance through this complex legal landscape. Keeping informed about case developments will aid in making educated decisions moving forward.