Allegheny Technologies Inc
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Materials : Metals & Mining | Small Cap Blend
Company profile

Allegheny Technologies Incorporated is a manufacturer of specialty materials and complex components. The Company operates through two business segments: High Performance Materials & Components (HPMC), and Flat Rolled Products (FRP). The HPMC segment produces, converts and distributes a range of materials, including titanium and titanium-based alloys, nickel- and cobalt-based alloys and superalloys, zirconium and related alloys, including hafnium and niobium, advanced powder alloys and other specialty materials, in long product forms, such as ingot, billet, bar, rod, wire, shapes and rectangles, and seamless tubes, plus precision forgings, components and machined parts. The FRP segment produces, converts and distributes stainless steel, nickel-based alloys, specialty alloys, and titanium and titanium-based alloys, in a range of product forms, including plate, sheet, engineered strip, and Precision Rolled Strip products.

Price
Delayed
$9.42
Day's Change
0.405 (4.50%)
Bid
--
Ask
--
B/A Size
--
Day's High
9.50
Day's Low
8.83
Volume
(Average)

Today's volume of 992,217 shares is on pace to be in-line with ATI's 10-day average volume of 1,518,409 shares.

992,217

MONDAY DEADLINE REMINDER: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Energy Recovery, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

10:07 am ET September 16, 2020 (Newsfile) Print

Los Angeles, California--(Newsfile Corp. - September 16, 2020) - The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Energy Recovery, Inc. ("Energy Recovery" or "the Company") (NASDAQ: ERII) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company's securities between August 2, 2017 and June 29, 2020 inclusive (the ''Class Period''), are encouraged to contact the firm before September 21, 2020.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Energy Recovery and Schlumberger Technology Corp. ("Schlumberger") had differing strategies with regards to the future of the VorTeq technology. This strategic difference created a considerable risk of early termination of the Company's licensing agreement with Schlumberger. The disagreement resulted in the Company's guidance on future license revenues to be false and lacking a reasonable basis. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Energy Recovery, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm

Brian Schall, Esq.,

www.schallfirm.com

Office: 310-301-3335

info@schallfirm.com

SOURCE:

The Schall Law Firm

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/63940

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