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The filed complaint alleges that Mercer International Inc. made materially false and/or misleading statements and/or failed to disclose that: On October 16, 2024, Mercer issued a press release announcing its preliminary financial results for the third quarter of 2024. In the press release, Mercer stated that "our operating results for the quarter were constrained due to the occurrence of several unrelated events that impacted pulp production, including the previously announced unscheduled downtime of 23 days (approximately 35,500 ADMTs [air-dried metric tons]) at our Mercer Peace River mill, a slower than normal maintenance start-up and other production upsets at our Stendal Mill (approximately 26,500 ADMTs) and isolated mechanical incidents at our Celgar mill (approximately 9,200 ADMTs)." Following this news, Mercer's stock price fell over 3% on October 17, 2024.
In order to be eligible to join the MERC class action lawsuit, you must have incurred a loss on shares of Mercer International Inc. purchased during the class period listed above.
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