Ferroglobe PLC Securities Litigation

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Lawsuit Overview

Defendant:Ferroglobe PLC
Date Filed:January 22nd, 2019
Sector:Capital Goods
Industry:Metal Fabrications

According to the Complaint, Ferroglobe purports to produce silicon metal, silicon-based alloys, and manganese-based alloys and to sell products such as aluminum, silicone compounds, automotive parts, photovoltaic cells, electronic semiconductors, and steel.

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, the Complaint alleges that Defendants failed to disclose to investors: (1) that there was excess supply of the Company's products; (2) that demand for the Company's products was declining; (3) that, as a result, the pricing of the Company's products would be materially impacted; and (4) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.

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First Identified Complaint

Lance Treankler, et al. v. Ferroglobe PLC, et al.

Date Filed:January 22nd, 2019
Class Period Start:August 21st, 2018
Class Period End:November 26th, 2018
First Identified Complaint Filings
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