Investors Sue Arconic Over Stock Drop Tied To Grenfell Fire

Law360, New York (July 14, 2017, 3:31 PM EDT) -- Arconic Inc., which supplied part of the exterior cladding that reportedly contributed to the quick spread of the deadly June 14 fire at London’s Grenfell Tower, was sued Thursday in New York federal court by investors claiming false statements before and after the fire hurt Arconic’s stock price.

Named plaintiff Michael Brave, who seeks to represent a class comprising anyone who bought Arconic stock between Feb. 28 and June 26, said in his complaint that the company and two of its executives violated securities laws by...
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