NEW YORK, NY / ACCESSWIRE / September 20, 2022 / Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against GrafTech International Ltd. ("GrafTech" or the "Company") (NYSE:EAF).
If you suffered losses exceeding $50,000 investing in GrafTech stock or options and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may also click here for additional information: www.faruqilaw.com/EAF.
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Faruqi & Faruqi is a leading minority and Woman-owned national securities law firm with offices in New York, Pennsylvania, California and Georgia.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. GrafTech announced on September 16, 2022, that operations at its graphite electrode manufacturing facility in Monterey, Mexico, had been suspended after an inspection by the State Attorney's Office for the Secretary of the Environment for the State of Nuevo León. The Company also admitted that the Mexican government had determined that its operating license within the country was no longer in effect, and could not provide an estimate for when the manufacturing plant would return to operation.
Based on this news, shares of GrafTech plunged by nearly 8.5% on September 19, 2022.
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SOURCE: Faruqi & Faruqi, LLP