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US shareholders in Grenfell Tower cladding firm Arconic given go ahead to sue own company
US shareholders of the Grenfell Tower cladding firm Arconic have been given the green light to proceed with a lawsuit against the company, US District court in Manhattan has ruled.
According to witness statements, the company did go ahead and use the controversial cladding material even though managers were aware that the material that was used came out negatively in a range of fire safety tests.
The group of investors allege that Arconic knew the cladding could be dangerous and it should have been their duty to inform the investors about the risk of selling it. The implicated cladding resulted in financial loses and the lives of 72 people.