Law Offices of Howard G. Smith announces an investigation on behalf of Cleveland-Cliffs Inc. (“Cleveland-Cliffs” or the “Company”) (NYSE: CLF) investors concerning the Company’s possible violations of federal securities laws.
IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN CLEVELAND-CLIFFS INC. (CLF), CONTACT THE LAW OFFICES OF HOWARD G. SMITH ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.
Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at howardsmith@howardsmithlaw.com, by telephone at (215) 638-4847 or visit our website at www.howardsmithlaw.com.
What Happened?
On May 7, 2025, Cleveland-Cliffs released its first quarter 2025 financial results, reporting a larger than expected adjusted loss and an 11% year-over-year revenue decline. The Company explained that its results were “negatively impacted by underperforming non-core assets and the lagging effect of lower index prices in late 2024 and early 2025.” Additionally, the Company announced that it plans to idle six steel plants to “consolidate operations” and “withdraw from loss-making businesses.”
On this news, Cleveland-Cliffs’ stock price fell $1.34, or 15.8%, to close at $7.15 per share on May 8, 2025, thereby injuring investors.
Contact Us To Participate or Learn More:
If you purchased Cleveland-Cliffs securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
Law Offices of Howard G. Smith,
3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020,
Telephone: (215) 638-4847
Email: howardsmith@howardsmithlaw.com,
Visit our website at: www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250514847340/en/
Contacts
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
