Arconic Securities Settlement

Arconic Inc. is a global leader in lightweight metals engineering and manufacturing, specializing in innovative solutions for a wide range of industries. The company has faced legal challenges, including allegations of misrepresenting the safety of its products, particularly during its 2014 preferred stock offering.

In a recent settlement, Arconic agreed to pay $74 million to resolve claims related to securities fraud, particularly concerning the safety of its Reynobond PE products used in construction. The settlement follows significant incidents, such as the tragic Grenfell Tower fire, which underscored concerns about product compliance and safety standards.

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