Bragar Eagel & Squire, P.C. Is Investigating Graftech, Eyepo...| MENAFN.COM

Saturday, 03 December 2022 09:16 GMT

Bragar Eagel & Squire, P.C. Is Investigating Graftech, Eyepoint, Vintage Wine, And Flowserve And Encourages Investors To Contact The Firm


(MENAFN- GlobeNewsWire - Nasdaq)

NEW YORK, Sept. 26, 2022 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against GrafTech International Ltd. (NYSE: EAF), EyePoint Pharmaceuticals, Inc. (NASDAQ: EYPT), Vintage Wine Estates, Inc. (NASDAQ: VWE), and Flowserve Corporation (NYSE: FLS). Our investigations concern whether these companies have violated the federal securities laws and/or engaged in other unlawful business practices. Additional information about each case can be found at the link provided.

GrafTech International Ltd. (NYSE: EAF)

On September 16, 2022, GrafTech announced that operations at its graphite electrode manufacturing facility in Monterey, Mexico, had been suspended after an inspection by the State Attorney's Office for the Secretary of the Environment for the State of Nuevo Leon. The Company also admitted that the Mexican government had determined that its operating license within the country was no longer in effect, and could not provide an estimate for when the manufacturing plant would return to operation.

On this news, Graftech's stock price fell $0.47 per share, or 8.8%, to close at $4.85 per share on September 19, 2022, the next trading day.

For more information on the GrafTech investigation go to:

EyePoint Pharmaceuticals, Inc. (NASDAQ: EYPT)

On August 30, 2022, after market hours, EyePoint disclosed that it had received a subpoena from the U.S. Attorney's Office for the District of Massachusetts. The subpoena demanded documents covering the Company's sales practices for its postoperative inflammation treatment, DEXYCU.

On this news, EyePoint stock fell $0.21 per share, or 2%, to close at $10.00 per share on August 31, 2022.

For more information on the EyePoint investigation go to:

Vintage Wine Estates, Inc. (NASDAQ: VWE)

Vintage Wine issued a press release on September 13, 2022, revealing that it had taken $19.1 million in non-cash inventory adjustments that it had“identified through efforts to improve and strengthen inventory management, processes and reporting.” The Company added that the adjustments included“physical inventory count adjustments of $12.4 million, $3.7 million related to the establishment of inventory reserves and $3.0 million related to the impact of additional remediation efforts.” The Company admitted that these adjustments had fueled a larger loss in the fourth quarter of 2022.

On this news, Vintage Wine's stock price fell $2.26 per share, or 40.6%, to close at $3.30 per share on September 14, 2022.

For more information on the Vintage Wine investigation go to:

Flowserve Corporation (NYSE: FLS)

On September 13, 2022, Flowserve announced disruptions related to implementing new technology to manage operations and one-time expenses, advising investors that the developments will reduce third-quarter EPS by $0.18 to $0.22. 

On this news, Flowserve's stock price fell $2.36 per share, or 7.66%, to close at $28.43 per share on September 14, 2022.

For more information on the Flowserve investigation go to:

About Bragar Eagel & Squire, P.C.:

Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit . Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information:

Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Melissa Fortunato, Esq.
(212) 355-4648




Tags

MENAFN26092022004107003653ID1104928613


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.