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Alcoa Case 05/06/2008

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Lawsuit Overview

Company
Alcoa
Security
NYSE: AA

Case Name
Alcoa Case 05/06/2008
Type of Lawsuit
Stockholder Derivative Action
Court of Filing
U.S. District Court for the Western District of Pennsylvania

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Summary

<p>On Tuesday, May 6th, the Hawaii Structural Ironworkers Pension Trust Fund has filed a derivative action against Alcoa Inc. and 20 of its officers in the U.S. District Court for the Western District of Pennsylvania over hundreds of millions of dollars in illegal bribes the company allegedly paid to government officials in Bahrain. The Fund acusses Alcoa Inc. of breach of fiduciary duty, abuse of control, corporate waste, and unjust enrichment.</p>