Pomerantz Scores Significant Victory in Arconic Securities Litigation

Pomerantz won a significant victory for investors in Arconic, Inc. when Chief Judge Hornak of the Western District of Pennsylvania sustained the majority of plaintiffs’ claims in a securities class action that arose from the deadliest UK fire in more than a century. Plaintiffs alleged that during the class period, Arconic’s stock price was artificially inflated by the company’s misstatements about the safety of the insulating panels that were later implicated in the Grenfell Tower fire…