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GRAFTECH ALERT: Bragar Eagel & Squire, P.C. is Investigating GrafTech International Ltd. on ...

By Bragar Eagel & Squire - Dec 28, 2022, 11:42 PM ET
Last Updated - Aug 05, 2024, 06:21 AM EDT
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GrafTech announced 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 Leon. The Company also admitted that the Mexican government had determined that its operating license within the country was no longer in effect, and could not provide an estimate for when the manufacturing plant would return to operation

Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against GrafTech International Ltd. (“GrafTech” or the “Company”) (NYSE: EAF) on behalf of GrafTech stockholders. Our investigation concerns whether GrafTech has violated the federal securities laws and/or engaged in other unlawful business practices

NEW YORK, Dec. 28, 2022 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against GrafTech International Ltd. (“GrafTech” or the “Company”) (NYSE: EAF) on behalf of GrafTech stockholders. Our investigation concerns whether GrafTech has violated the federal securities laws and/or engaged in other unlawful business practices.

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On September 16, 2022, GrafTech announced 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 Leon. The Company also admitted that the Mexican government had determined that its operating license within the country was no longer in effect, and could not provide an estimate for when the manufacturing plant would return to operation.

On this news, Graftech’s stock price fell $0.47 per share, or 8.8%, to close at $4.85 per share on September 19, 2022, the next trading day.

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