GrafTech International Limited - Securities Class Action

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Stanford Law School

GrafTech International Limited Conclusion: On March 21, 2006 the plaintiff voluntarily dismissed the case, which was then administratively closed.

According to a press release dated February 28, 2006, the complaint charges GrafTech and certain of its officers and directors with violations of the Securities Exchange Act of 1934. GrafTech provides synthetic and natural graphite and carbon-based products, as well as technical and R&D services. Its synthetic graphite products include: graphite electrodes, cathodes, and advanced synthetic graphite products.

Specifically, the complaint alleges that during the Class Period, defendants made materially false and misleading statements regarding the Company's business prospects, which served to artificially inflate the price of the Company's securities. Specifically, defendants knew and concealed that: (i) pricing power for the Company's graphite electrode products was nonexistent, particularly in the European markets; (ii) announced cost-cutting measures were insufficient to improve the Company's bottom line; (iii) contraction in the non-graphite market was contributing to the Company's financial woes; (iv) the Company was unable to accurately forecast growth and report guidance; and (v) the Company's inability to determine the required extent of its restructuring activities and charges necessary to counter the costs of its staggering debt and loss of pricing power grossly understated the true costs the Company would incur in restructuring.

The complaint further alleges that on or around February 8, 2006, GrafTech revealed the truth about its business prospects. As a result, the price of GrafTech shares plunged 37.0%, on unusually high volume, falling from $7.31 per share on February 8, 2006 to $4.60 per share on February 9, 2006, for a one-day drop of $2.71 per share, on volume of 9.8 million shares, nearly twelve times the average daily trading volume.

INDUSTRY CLASSIFICATION:
SIC Code: 3620
Sector: Technology
Industry: Electronic Instruments & Controls

COMPANY/ISSUER NAME:	GrafTech International Limited
COMPANY/ISSUER TICKER:	GTI
COMPANY WEBSITE:	http://www.graftech.com

FIRST IDENTIFIED COMPLAINT IN THE DATABASE

Edmund Spinney, et al. v. GrafTech International Limited, et al.

COURT: D. Delaware	DOCKET NUMBER: 06-CV-00133
JUDGE NAME: Hon. Kent A. Jordan
DATE FILED: 02/28/2006	SOURCE: Notice of Filing
CLASS PERIOD START: 11/03/2005	CLASS PERIOD END: 02/08/2006
TYPE OF COMPLAINT: Complaint (Unamended and Unconsolidated)
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Baron & Budd, P.C. 3102 Oak Lawn Avenue, Suite 1100, Dallas, TX, 75219 (voice) 1800-946-9646, (fax) , info@baronandbudd.com Federman & Sherwood 120 North Robinson, Suite 2720, Oklahoma City, OK, 73102 (voice) 405-235-1560, (fax) , wfederman@aol.com Milberg Weiss Bershad & Schulman LLP (New York) One Pennsylvania Plaza, 49th Floor, New York, NY, 10119 (voice) 212.594.5300, (fax) 212.868.1229, info@milbergweiss.com Schatz & Nobel, P.C. 330 Main Street, Hartford, CT, 06106 (voice) 800.797.5499, (fax) 860.493.6290, sn06106@AOL.com Scott & Scott LLC (Connecticut) P.O. Box 192, 108 Norwich Avenue, Colchester, CT, 06415 (voice) 860.537.5537, (fax) 860.537.4432, scottlaw@scott-scott.com _____________________________________________ TOTAL NUMBER OF PLAINTIFF FIRMS: 5

DOCUMENTS FOR THE FIRST IDENTIFIED COMPLAINT
Class Action Complaint for Violations of Federal Securities Laws - Jury Trial Demanded
Type: Complaint		Date on the document: 02/28/2006
Notice Of Voluntary Dismissal Without Prejudice Pursuant To Fed. R. Civ. P. 41(A)(1)
Type: Notice		Date on the document: 03/21/2006
US District Court Civil Docket
Type: Docket		Date on the document: 3/21/2006

OTHER DOCUMENTS

Case Name and/or Number:
Type:		Date on the document:

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