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Bragar Eagel & Squire, P.C. Is Investigating Kohl's and Cleveland-Cliffs and Encourages Investors to Contact the Firm
KSSKohl’s(KSS) GlobeNewswire News Room·2025-05-22 01:00

Group 1: Kohl's Corporation (NYSE: KSS) - Kohl's CEO was terminated for violating company policy related to undisclosed conflicts of interest in vendor transactions [2] - The CEO directed the company to conduct business with a vendor he had a personal relationship with, resulting in favorable terms for the vendor [2] - Following the CEO's termination, Kohl's stock experienced a significant drop on unusually heavy trading volume [2] Group 2: Cleveland-Cliffs Inc. (NYSE: CLF) - Cleveland-Cliffs reported a larger than expected adjusted loss and an 11% year-over-year revenue decline to 4.63billionforQ12025[3]Thecompanyannouncedplanstofullyorpartiallyidlesixsteelplantsduetounderperformingnoncoreassetsandlowerindexprices[3]ClevelandCliffssharepricefellfrom4.63 billion for Q1 2025 [3] - The company announced plans to fully or partially idle six steel plants due to underperforming non-core assets and lower index prices [3] - Cleveland-Cliffs' share price fell from 8.49 to 7.15followingthefinancialresultsannouncement,adeclineof7.15 following the financial results announcement, a decline of 1.34 per share [3]