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GrafTech International Faces Multiple Class Action Lawsuits Over Environmental Violations

Investors seek compensation as GrafTech's Monterrey facility's environmental issues lead to significant financial losses.

Overview

  • GrafTech International Ltd. is subject to several class action lawsuits due to alleged environmental violations at its Monterrey, Mexico facility.
  • The lawsuits claim GrafTech failed to comply with environmental laws, leading to harmful pollution in neighboring communities.
  • Investors allege that GrafTech's non-disclosure of these issues exposed them to significant financial risks.
  • The closure of the Monterrey facility has resulted in substantial financial losses for GrafTech, including a reported $8 million net loss in Q2 2023.
  • The lead plaintiff deadline for affected investors is set for March 25, 2024.

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