#USA #New York #Levi & Korsinsky #Arconic Corporation #Securities Fraud Lawsuit

Arconic Corporation Under Fire: A Securities Fraud Class Action Lawsuit

In a significant legal development, Arconic Corporation, known by its ticker symbol ARNC, is facing a class action lawsuit that raises alarming allegations of securities law violations. The case, brought to light by the law firm Levi & Korsinsky, LLP, aims to protect investors who may have suffered losses due to alleged fraudulent activities by the company.

Overview of the Lawsuit

The class action lawsuit targets all individuals and entities who sold shares of Arconic's common stock from April 19, 2022, to May 3, 2023. According to the complaint, Arconic's management is accused of making false or misleading statements and failing to disclose critical information regarding the company's share repurchase programs. During the specified period, Arconic reportedly executed these share repurchases while in possession of material nonpublic information, a potential violation of Rule 10b-5 and Rule 10b-18, regulations designed to protect against insider trading.

Allegations Specifics

The lawsuit reveals that Arconic’s public statements during this timeframe suggested compliance with securities regulations. The defendants purportedly stated their buyback programs adhered to established rules meant to govern stock repurchases and ensure transparency. However, contrary to these claims, the lawsuit suggests that:

• - Arconic was engaged in share repurchases while in possession of confidential information.
• - The company's management continued to assert compliance with the rules, misleading investors about the status of negotiations with Apollo, which could impact share prices.

Given the seriousness of these allegations, investors are urged to take action and evaluate their options in light of potential compensation for their losses.

Call to Action for Affected Investors

Affected investors are encouraged to connect with Levi & Korsinsky to learn about their rights and potential remedies. The lawyers are offering a chance for individuals who endured financial losses during the specified period to join as lead plaintiffs, with the deadline set for March 31, 2025. The firm highlights that participation in the lawsuit carries no financial obligation; compensation may be available without upfront fees.

Levi & Korsinsky's Track Record

With over 20 years of experience in securities litigation, Levi & Korsinsky has gained recognition for securing substantial settlements for investors. The firm has ranked repeatedly among the top securities litigation firms in the United States, showcasing a strong history of representing clients in high-stakes legal matters.

Contact Information

For those wanting to explore their eligibility and options regarding the lawsuit:

• - Email: email protected]
• - Phone: (212) 363-7500
• - Website: [Levi & Korsinsky

As this case unfolds, investors should stay informed about further developments and their implications for the future of Arconic Corporation and its compliance policies.

Conclusion

The allegations presented against Arconic Corporation should serve as a crucial warning for investors about the importance of transparency and adherence to securities laws. The legal action not only aims to seek justice for affected shareholders but also highlights the ongoing need for ethical practices within publicly traded companies. With the support of experienced legal advocates, shareholders have an opportunity to pursue justice and potentially recover their losses.