HOWARD v. ARCONIC INC et al

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Case Number:

2:17-cv-01057

Court:

Pennsylvania Western

Nature of Suit:

Securities/Commodities

Multi Party Litigation:

Class Action

Judge:

Mark R. Hornak

Firms

Companies

Sectors & Industries:

August 10, 2023
Attys Get $24M Fee In Final Arconic Grenfell Fire Deal

A Pennsylvania federal judge on Wednesday awarded more than $24 million in attorneys fees to the lawyers behind a settled shareholder class action against Arconic Inc. over its role in the 2017 Grenfell Tower fire in London.
May 03, 2023
$74M Arconic Grenfell Fire Deal Gets First Approval

A Pennsylvania federal judge has given the go-ahead to a $74 million settlement to resolve shareholder claims alleging that Arconic Inc. gave false statements about the safety of one of its products that was involved in the 2017 Grenfell Tower fire in London that killed more than 70 people.
April 24, 2023
Arconic, Shareholders Reach $74M Deal In Grenfell Fire Suit

Shareholders of manufacturing company Arconic Inc. have asked a Pennsylvania federal judge for the first green light on a $74 million deal to resolve claims that the company and its executives made false statements about the safety of one of its products that was implicated in London's fatal 2017 Grenfell Tower fire.
June 23, 2021
Judge Trims Investors' Claims In Revamped Grenfell Fire Suit

A Pennsylvania federal judge on Wednesday pared down claims from a group of Arconic Inc. investors that the company artificially boosted its stock price with misleading statements about the safety of insulating panels that were later implicated in London's fatal Grenfell Tower fire.
June 23, 2020
3rd Circ. Ruling Cited In Bid To Ax Investors' Grenfell Fire Suit

Attorneys for Arconic Inc. on Tuesday said a recent Third Circuit opinion that revived an investor suit against M&T Bank for failure to disclose risks in a proposed merger supports the metal maker's bid to toss its own investors' claims over risks that were allegedly revealed by London's fatal Grenfell Tower fire.
September 12, 2019
Arconic Tells Judge To Toss Latest Grenfell Fire Stock Suit

Lawyers for Arconic Inc. said late Wednesday that investors failed in their third attempt to claim the company and its former CEO made false statements about the safety of one of its products and were responsible for plummeting stock values after the product was implicated in London's fatal 2017 Grenfell Tower fire.
June 21, 2019
Arconic Dodges Investors' Suit Over Grenfell Tower Fire

A Pennsylvania federal judge on Friday tossed an investor suit against Arconic Inc. related to London's fatal Grenfell Tower fire, ruling the investors failed to properly allege that the company's executives knew insulation panels implicated in the fire were being sold for unsafe uses.
March 22, 2019
2nd Circ. Ruling Doesn't End Arconic Suit, Investors Say

A recent Second Circuit opinion that said a company’s “banal and vague" statements about compliance efforts can't be used as the basis for securities fraud claims shouldn’t let Arconic Inc. slip an investor lawsuit stemming from London’s fatal Grenfell Tower fire, the investors wrote to a Pennsylvania federal judge.
November 27, 2018
Arconic Argues For Tossing Investor Suit Over Tower Fire

Arconic Inc. argued Tuesday in a Pennsylvania federal court for the dismissal of a proposed investor class action lawsuit alleging the company knew composite panels it made and sold in Europe were not as fire-safe as promised, saying the investors can't show company executives knew the panels were unsafe before they were implicated in London's fatal Grenfell Tower fire.