EAF - EAF Class Action Alert: Robbins LLP Reminds Investors of Lead Plaintiff Deadline in GrafTech International Ltd. Class Action | Benzinga
SAN DIEGO, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action on behalf of all purchasers of GrafTech International Ltd. (NYSE:EAF) common stock between February 8, 2019 and August 3, 2023. GrafTech is a global manufacturer of graphite electrode products that are used in the production of electric arc furnace ("EAF") steel – a purportedly greener alternative to traditional steelmaking methods.
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What is this Case About: GrafTech International Ltd. (EAF) Misled Investors Regarding the Environmental Impact of its Business Operations
According to the complaint, during the class period, defendants failed to disclose –
(a) that GrafTech's manufacturing operations in Monterrey, Mexico had for decades chronically contaminated neighboring communities with harmful carcinogenic gasses and particulate matter;
(b) that GrafTech had signed agreements with local authorities committing itself to improving the environmental performance of its Monterrey facility, but repeatedly failed to honor these commitments;
(c) that GrafTech had been repeatedly warned over an approximately 30-year period regarding its wanton disregard for the environment and health and well-being of people near its operations in Monterrey, ...