Reminder to Arconic (ARNC) Investors: Berger Montague Law Firm Reminds Shareholders of Deadline to File Lead Plaintiff Motion in Securities Litigation
Philadelphia, PA – Berger Montague, a leading securities litigation law firm, reminds investors of Arconic Inc. (NYSE: ARNC) to file their lead plaintiff motion in a securities class action lawsuit regarding the company’s alleged violations of federal securities laws.
The lawsuit was filed on January 22, 2020, on behalf of all persons who purchased or acquired Arconic securities between January 24, 2016 and March 22, 2017, inclusive. The suit alleges that the company and certain of its executives made false and/or misleading statements to the public, causing investors to lose significant value in their investments.
Investors who suffered losses can file a lead plaintiff motion by August 11, 2020, to serve as the lead plaintiff in the lawsuit. The lead plaintiff will have the ability to hire counsel, including Berger Montague, and will work closely with the court to determine the best course of action for the class.
The lawsuit alleges that the defendants’ false and misleading statements and omissions related to Arconic’s alleged failure to disclose the true nature and extent of the company’s internal control weaknesses, as well as the impact of these weaknesses on the company’s financial results and future prospects.
The lawsuit specifically alleges that the company and its executives knew that the internal control weaknesses were material to the company’s financial statements and that they failed to adequately disclose these weaknesses to the public. As a result, investors were harmed and suffered significant losses.
Berger Montague represents investors in complex class action and shareholder derivative litigation, recovering billions of dollars in compensation for injured investors. The firm’s experienced and dedicated securities attorneys have a strong track record of success in securing significant settlements and judgments for their clients.
Arconic (ARNC) investors who suffered losses can contact Berger Montague at [insert contact information] to learn more about the lawsuit, to discuss their options, and to receive more information about the class action lawsuit. The deadline to file a lead plaintiff motion is August 11, 2020, so it is essential for investors to act promptly to preserve their rights.
About Berger Montague
Berger Montague is a national law firm that specializes in representing investors in complex class action and shareholder derivative litigation. With a proven track record of success, the firm has secured billions of dollars in compensation for injured investors.
