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.
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.
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.
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