The fire that killed 79 people in London’s Grenfell Tower was a U.K. tragedy, but it’s also getting the attention of the securities plaintiffs bar in the United States. That could spell legal trouble for Arconic, the New York-based company that made the exterior paneling being blamed for the fire’s ferocity—and potentially for its directors and officers.
This week Pomerantz; Goldberg Law Group, Bronstein, Gewirtz & Grossman and other firms all announced they were investigating potential shareholder claims related to the disaster. Arconic, meanwhile, announced it would halt sales of the paneling.
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