EAF - Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against GrafTech International Ltd. (EAF) | Benzinga

LOS ANGELES, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Glancy Prongay & Murray LLP ("GPM") reminds investors of the upcoming March 25, 2024 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired GrafTech International Ltd. ("GrafTech" or the "Company") (NYSE:EAF) common stock between February 8, 2019 and August 3, 2023, inclusive (the "Class Period").

If you suffered a loss on your GrafTech investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at www.glancylaw.com/cases/graftech-international-ltd/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn more about your rights.

On September 16, 2022, after the market closed, GrafTech disclosed that operations had been temporarily suspended at its graphite electrode manufacturing facility after an inspection by the State Attorney's Office for the Secretary of the Environment for the State of Nuevo León. The Company's International operating license in Mexico was also determined to be no longer in effect. On this news, GrafTech's stock fell $0.45, or 8.5%, to close at $4.85 on September 19, 2022, thereby injuring investors.

Then, on April 28, 2023, GrafTech released its first quarter 2023 financial results, revealing that sales had declined 62% compared to the previous year, reporting a net loss of over $7 million compared to a net income of $124 million the previous year. On this news, GrafTech's stock price fell $0.47, or 9.9%, over the next two consecutive trading days to close at $4.25 per share on ...

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