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Arconic sued in United States over fatal London tower fire

Reuters  |  NEW YORK 

By Jonathan StempelNEW YORK (Reuters) - A shareholder of Arconic Inc on Thursday filed a lawsuit accusing the company of defrauding shareholders over its supply of cladding panels used at Grenfell Tower, the London high-rise where at least 80 people died in a fire last month.In his proposed class-action complaint, Michael Brave is seeking to recoup "significant" shareholder losses stemming from Arconic's failure prior to the June 14 blaze to properly disclose its use of "highly flammable" Reynobond PE panels.The shareholder lawsuit filed in the federal court in Manhattan, where Arconic is ...

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First Published: Fri, July 14 2017. 04:06 IST