LOS ANGELES, Calif./ACCESSWIRE/September 19, 2022/ Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in GrafTech International Ltd. (“GrafTech” or “the Company”) EAF for violating securities laws.
The investigation aims to determine whether the Company has made false and/or misleading statements and/or has failed to disclose relevant information to investors. GrafTech announced on September 16, 2022 that operations at its graphite electrode manufacturing facility in Monterey, Mexico had been suspended following an inspection by the State’s Attorney’s Office for the Secretary of the Environment. State of Nuevo Leon. The company also admitted that the Mexican government had determined that its license to operate in the country was no longer in effect and could not provide an estimate of when the manufacturing plant would resume operations. Based on this news, GrafTech shares plunged almost 8.5% on September 19, 2022.
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