SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of GrafTech International Ltd. - EAF
NEW YORK, Feb. 13, 2023 /PRNewswire/ -- 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.
[Click here for information about joining the class action]
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.
Then, on February 3, 2023, GrafTech reported earnings per share of $0.17, missing consensus estimates of $0.22. GrafTech stated that is performance "was impacted by higher costs, softer industry demand, and the impact of the temporary suspension of our operations in Mexico[.]"
On this news, GrafTech's stock price fell $1.01 per share, or 15.33%, to close at $5.58 per share on February 3, 2023.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, London, and Paris 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, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm 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.pomerantzlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
[email protected]
888-476-6529 ext. 7980
SOURCE Pomerantz LLP
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