NEW YORK, June 26, 2017 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Arconic Inc. ("Aaron's" or the "Company") (NYSE: ARNC; ARNC-P; ARNC-PB). Such investors are advised to contact Robert S. Willoughby at email@example.com or 888-476-6529, ext. 9980.
The investigation concerns whether Arconic Inc. and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On June 24, 2017, The New York Times published an article entitled "Why Grenfell Tower Burned: Regulators Put Cost Before Safety", describing the causes of the June 14, 2017 fire at the Grenfell Tower apartment complex in London, England that killed at least 79 people. The article reported that Grenfell Tower's façade consisted of panels containing combustible polyethylene cores, manufactured and marketed by Arconic, that "enabled the fire to spread rapidly on the exterior of the building." The article further reported that Arconic's U.K. marketing materials for the façade panels contain a less detailed safety warning than the Company's marketing materials for other European countries.
On this news, Arconic's common share price has fallen as much as $2.89, or 11.32%, during intraday trading on June 26, 2017.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com
Robert S. Willoughby
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SOURCE Pomerantz LLP