LOS ANGELES–(BUSINESS WIRE)–The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Cleveland-Cliffs Inc. (“Cleveland-Cliffs” or “the Company”) (NYSE: CLF) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Cleveland-Cliffs reported its financial results for Q1 2025 on May 7, 2025. The Company reported a larger than expected adjusted loss and an 11% year-over-year revenue decline. The Company also announced it will idle six steel plants on a full or partial basis. The Company’s CEO blamed its operational changes in part on underperforming non-care assets and lower index prices from late 2024. Based on this news, shares of Cleveland-Cliffs fell by more than 15.7% on the next day.
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We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at [email protected].
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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Contacts
The Schall Law Firm
Brian Schall, Esq.
310-301-3335
[email protected]
www.schallfirm.com
