LOS ANGELES, CA / ACCESSWIRE / September 19, 2022 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of GrafTech International Ltd. ('GrafTech' or 'the Company') (NYSE:EAF) for violations of the securities laws.
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 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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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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SOURCE: The Schall Law Firm
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