NEW
YORK, Feb. 15, 2024 /PRNewswire/ -- The Gross
Law Firm issues the following notice to shareholders of GrafTech
International Ltd..
Shareholders who purchased shares of EAF during the class period
listed are encouraged to contact the firm regarding possible lead
plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/graftech-loss-submission-form/?id=67031&from=4
CLASS PERIOD: February 8,
2019 to August 3, 2023
ALLEGATIONS: The complaint alleges that
during the class period, Defendants issued materially false and/or
misleading statements and/or failed to disclose that: (a)
GrafTech's manufacturing operations in Monterrey, Mexico had for decades chronically
contaminated neighboring communities with harmful carcinogenic
gasses and particulate matter; (b) 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) 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) GrafTech's operations in
Monterrey, Mexico were not in compliance with applicable
environmental laws and regulations; (e) the Company had failed to
adequately remediate the environmental problems caused by the
Monterrey facility following the 2019 administrative proceeding
conducted by the Department of Sustainable Development of the State
of Nuevo León; (f) the government of Apodaca had sought
intervention from the State of Nuevo León authorities to curtail
and prevent the adverse environmental impacts and noncompliance
with environmental laws and regulations caused by the Monterrey
facility; (g) GrafTech's purported cost leadership was achieved in
substantial part by failing to implement appropriate and effective
environmental safeguards at its manufacturing facility in
Monterrey, Mexico; (h) GrafTech's capital expenditures and/or
related operational projects were woefully insufficient to
adequately address the harm that the Company's operations in
Monterrey, Mexico had inflicted on the environment and people
within the neighboring communities; (i) as a result of (a)-(h),
GrafTech was acutely exposed to undisclosed material risks that the
Company's manufacturing operations in Monterrey, Mexico would be
severely disrupted by government action or enforcement; and (j) as
a result of (a)-(i), GrafTech was acutely exposed to undisclosed
material risks that its supplies of pin stock and graphite
electrodes would be withdrawn and/or materially diminished, thereby
materially harming the Company's business, operations, reputation,
and financial results.
DEADLINE: March 25, 2024
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/graftech-loss-submission-form/?id=67031&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of EAF during the timeframe listed
above, you will be enrolled in a portfolio monitoring software to
provide you with status updates throughout the lifecycle of the
case. The deadline to seek to be a lead plaintiff is March 25, 2024. There is no cost or obligation to
you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law
Firm is committed to ensuring that companies adhere to responsible
business practices and engage in good corporate citizenship. The
firm seeks recovery on behalf of investors who incurred losses when
false and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE Gross Law Firm