Case Details The Complaint alleges that Arconic and certain of its senior officers and directors failed to disclose offers to purchase all of the outstanding shares of Arconic common stock at a material premium far above the Company's then-current stock price, while at the same time repurchasing millions of shares of Arconic common stock through stock buyback programs at prices below the offer price. The Complaint alleges that these failures to disclose material non-public information artificially deflated the price of Arconic common stock. The Complaint continues to allege that Arconic had an obligation to either disclose that it had received a formal acquisition offer from Apollo Global Management, Inc. ("Apollo") or abstain from trading in its own securities. What's Next? A class action lawsuit has already been filed.