EAF - EAF INVESTORS: Lead Plaintiff Deadline is Fast Approaching; Contact Robbins LLP for Information About the GrafTech International Ltd. Class Action | Benzinga
SAN DIEGO, March 06, 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.
For more information, submit a form, email Aaron Dumas, Jr., or give us a call at (800) 350-6003.
What is this Case About: GrafTech International Ltd. (EAF) Allegedly 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, Mexico;
(d) that GrafTech's operations in ...