GrafTech International Ltd. Sued for Environmental Damage and Misleading Investors
Investors face a March 25, 2024, deadline to join the class action lawsuit covering allegations of environmental harm and financial misrepresentation.
- GrafTech International Ltd. faces a class action lawsuit for environmental damage and misleading investors.
- The lawsuit covers the period between February 8, 2019, and August 3, 2023, with a lead plaintiff deadline of March 25, 2024.
- Allegations include chronic contamination of communities with carcinogenic gases and failure to comply with environmental laws.
- GrafTech's financial results show significant declines in sales and net losses following the shutdown of its Monterrey, Mexico, facility.
- Investors suffered losses as GrafTech's stock price dropped significantly after disclosures of environmental issues and poor financial performance.