SAN FRANCISCO, March 18, 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
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GrafTech International Ltd. (NYSE:EAF) Securities Fraud Class Action:
GrafTech continues to feel the residual impact of the temporary suspension of operations in its Monterrey, Mexico facility that began near the end of the third quarter 2022. On Feb. 14, 2024, GrafTech released its financial results for 2023, reporting a net loss of $255 million. Timothy Flanagan, GrafTech's interim CEO, cited the temporary suspension of operations in Mexico as one of the reasons why 2023 results fell short of expectations.
The disclosure comes on the heels of a securities class action complaint alleging GrafTech misrepresented and concealed that its Monterrey facility was not in compliance with applicable environmental laws and regulations. Instead, the lawsuit ...
EAF) Faces Investor Fraud Lawsuit After Monterrey Facility Shutdown Crumbles Company Financial Results - Hagens Berman>Full story available on Benzinga.com