July 23, 2019 - A second amended consolidated complaint was filed.

June 21, 2019 - The court granted the defendants' motion to dismiss. The plaintiffs were given leave to amend the complaint.

June 6, 2018 - A motion to dismiss the amended consolidated complaint was filed.

April 9, 2018 - An amended consolidated complaint was filed.

August 14, 2017 - The case was transferred to the U.S. District Court for the Western District of Pennsylvania.

July 13, 2017 - An investor in shares of Arconic Inc (NYSE: ARNC) filed a lawsuit in the U.S. District Court for the Southern District of New York over alleged violations of Federal Securities Laws by Arconic Inc in connection with certain allegedly false and misleading statements made between February 28, 2017, and June 26, 2017.

According to the complaint the plaintiff alleges on behalf of purchasers of Arconic Inc (NYSE: ARNC) common shares between February 28, 2017, and June 26, 2017, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between February 28, 2017, and June 26, 2017 the defendants made false and/or misleading statements and/or failed to disclose that Arconic Inc knowingly supplied its highly flammable Reynobond PE (polyethylene) cladding panels for use in construction, that the foregoing conduct significantly increased the risk of property damage, injury and/or death in buildings constructed with Arconic Inc’s Reynobond PE panels, and that as a result of the foregoing, Arconic Inc’s public statements were materially false and misleading at all relevant times. New York based Arconic Inc, formerly Alcoa Inc, is engaged in lightweight metals engineering and manufacturing. Arconic Inc reported that its annual Total Revenue declined from over $12.41 billion in 2015 to over $12.39 billion in 2016 and that its Net Loss increased from $157 million in 2015 to over $1.06 billion in 2016.

On June 14, 2017, a fire broke out at the 24-story Grenfell Tower apartment block in London. The fire burned for roughly 60 hours, destroying the building and causing at least 80 deaths and over 70 injuries.

On June 24, 2017, an article was published entitled “Why Grenfell Tower Burned: Regulators Put Cost Before Safety”, describing the causes of the Grenfell Tower fire and attributing the rapid spread of the fire to highly flammable Reynobond PE cladding panels manufactured by Arconic Inc and used in the building’s construction. On that same day, an article was published entitled “Arconic knowingly supplied flammable panels for use in tower: emails,” revealing that Arconic Inc sales managers were aware that flammable panels would be distributed for use at Grenfell Tower.

On June 26, 2017, Arconic Inc announced it would discontinue global sales of Reynobond PE for use in high-rise buildings after the material was suspected to have contributed to the spread of the deadly fire at the Grenfell Tower apartment complex in London. Shares of Arconic Inc (NYSE: ARNC) declined on June 27, 2017 to as low as $21.76 per