ATi Sued For Inflating Stock

A complaint has been filed against ATi accusing the company of inflating stock prices by withholding information and giving misleading statements. The complaint goes on to claim that ATi officers and directors sold more than $54 million in stock at artificially inflated prices.

Specifically, the complaint alleges that during the Class Period, defendants made false and misleading statements regarding the Company's business and prospects. As a result of defendants' false and misleading statements, ATI's stock traded at inflated levels, allowing the Company's top officers and directors to sell or otherwise dispose of more than $54 million worth of their own shares at artificially inflated prices.

- [H] Files