NEW YORK, NY / ACCESSWIRE / September 25, 2022 / Pomerantz LLP is investigating claims on behalf of investors of GrafTech International Ltd. ("GrafTech" or the "Company") (NYSE: EAF). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980.
The investigation concerns whether GrafTech and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On September 16, 2022, GrafTech disclosed in a filing with the U.S. Securities and Exchange Commission that regulatory inspectors in Mexico issued a temporary suspension notice to the Company's graphite electrode manufacturing facility in Monterrey.
On this news, Graftech's stock price fell $0.45 per share, or 8.49%, to close at $4.85 per share on September 19, 2022.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com
SOURCE: Pomerantz LLP