EAF - Investors Sue GrafTech International (EAF) After Monterrey Facility Shutdown Crumbles Company Financial Results - Hagens Berman | Benzinga

SAN FRANCISCO, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges GrafTech International Ltd. (NYSE:EAF) investors who suffered substantial losses to submit your losses now.

Class Period: Feb. 8, 2019 – Aug. 3, 2023
Lead Plaintiff Deadline: Mar. 25, 2024
Visit: www.hbsslaw.com/investor-fraud/EAF
Contact An Attorney Now: EAF@hbsslaw.com
                                               844-916-0895

GrafTech International Ltd. (NYSE:EAF) Securities Fraud Class Action:

The litigation focuses on GrafTech's representations about one of its highest-capacity and lowest-cost facilities, located in Monterrey, Mexico ("Monterrey facility"), where the company manufactured all its pin stock inventory – a critical component of its electric arc furnace steel manufacturing process.

The complaint alleges GrafTech misrepresented and concealed that its Monterrey facility was not in compliance with applicable environmental laws and regulations. Instead, the Monterrey facility had for decades chronically contaminated neighboring communities with harmful carcinogenic gasses and particulate matter.

The complaint also alleges that Defendants omitted to disclose that GrafTech had signed agreements with local authorities committing to improving the environmental performance ...

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