Investors Seek Justice: New Class Action Against Arconic Corporation Unfolds

Class Action Lawsuit Filed Against Arconic Corporation

On March 3, 2025, The Gross Law Firm announced the initiation of a class action lawsuit against Arconic Corporation (NYSE: ARNC) on behalf of its shareholders who purchased shares during a specific timeframe. This lawsuit raises serious allegations about misleading statements made by Arconic executives regarding the company’s stock repurchase programs.

Context of the Allegations

Investors who acquired shares of Arconic from April 19, 2022 to May 3, 2023 have been encouraged to register for participation in the lawsuit. The firm stresses that even those not looking to become lead plaintiffs can still be involved. The action addresses claims that Arconic’s management made false or misleading statements that did not disclose critical details concerning their share repurchase activities, which purported to comply with federal securities laws.

What Prompted the Lawsuit?

According to the complaint, during the relevant period, Arconic’s management allegedly reported that their share repurchase programs adhered to Rule 10b5-1 of the Securities Exchange Act, which prohibits trading based on undisclosed material information. In addition, they claimed compliance with Rule 10b-18, which outlines provisions that provide safe harbor for consistent share repurchases. The lawsuit contends, however, that at the time of such assertions, Arconic executives were engaging in stock buybacks while possessing critical nonpublic information.

This means that the company’s stock repurchase strategy was misrepresented to the market, failing to disclose that ongoing negotiations with Apollo were affecting their capacity to buy back stock legally.

Investor Impact

Shareholders, particularly those misled by these statements, may have suffered financial losses due to the artificial inflation of Arconic’s stock. Such scenarios underscore the vital need for corporate transparency and adherence to legal standards in reporting matters affecting stock value.

The deadlines to join this case are crucial; investors are urged to act promptly to secure their interests and potential recovery. The cut-off date for filing as lead plaintiff is on March 31, 2025.

Next Steps for Affected Investors

Investors who bought shares during the class period are encouraged to register on the Gross Law Firm’s website, where they can submit their information for monitoring and updates throughout the lawsuit. Being enrolled in the case ensures they will receive status updates as the legal proceedings progress, and there are no fees associated with joining.

Why Choose The Gross Law Firm?

The Gross Law Firm is recognized nationally for its work in class action lawsuits and aims to protect investors' rights against cases of fraud and deceit. They are committed to ensuring that corporations engage in responsible practices and are held accountable when they fail to comply with legal requirements that protect shareholders. Prior cases taken by the firm establish a track record of dedication to bringing justice to those harmed by misleading corporate conduct.

For further inquiries, Arconic shareholders can contact the firm directly via phone or through their website, where more details and resources are available for those looking for recourse.

For additional information and to register your claim, visit: Gross Law Firm - Arconic Shareholder Loss Submission