Algoma Steel Group Inc. (ASTL)

Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Algoma Steel Group Inc. (“Algoma” or “the Company”) (NASDAQ: ASTL). Investors who purchased Algoma securities are encouraged to obtain additional information and assist the investigation.

The investigation concerns whether Algoma has violated federal securities laws.

Investigation Details:

On January 20, 2024, Algoma issued a press release “announc[ing] that in the early hours of Saturday, January 20, 2024, there was a collapse of a structure supporting utilities piping at our coke-making plant,” which “resulted in a coke oven gas main failure generating abnormal coke oven gas flaring and air emissions. Additionally, a quantity of effluent left our site early this morning and entered the adjacent waterway. The source of the discharge has been identified and containment efforts are underway.” On this news, Algoma’s stock price fell sharply during intraday trading on January 22, 2024.

What’s Next?

If you are aware of any facts relating to this investigation or purchased Algoma securities, you can assist this investigation. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.

There is No Cost to You

We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys’ fees, usually a percentage of the total recovery, only if we are successful.

Why Bronstein, Gewirtz & Grossman:

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.

Attorney advertising. Prior results do not guarantee similar outcomes.


Bronstein, Gewirtz & Grossman, LLC

Peretz Bronstein or Yael Nathanson

332-239-2660 | [email protected]