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CLF Investor News: If You Have Suffered Losses in Cleveland-Cliffs Inc. (NYSE: CLF), You Are Encouraged to Contact The Rosen Law Firm About Your Rights
CliffsCliffs(US:CLF) GlobeNewswire News Roomยท2025-07-17 19:22

Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Cleveland-Cliffs Inc. due to allegations of materially misleading business information issued by the company [1]. Group 1: Company Financial Performance - On May 7, 2025, Cleveland-Cliffs reported a GAAP net loss of $483 million for Q1 2025, an increase from a $434 million GAAP net loss in Q4 2024 [3]. - The company announced plans to fully or partially idle six facilities to optimize operations and release excess working capital [3]. - CEO's statement indicated that the first-quarter results were negatively impacted by underperforming non-core assets and lower index prices from late 2024 and early 2025 [3]. Group 2: Stock Market Reaction - Following the financial results announcement, Cleveland-Cliffs' stock fell over 15% on May 8, 2025, and an additional 2% on May 9, 2025 [3]. Group 3: Legal Action and Investor Rights - Investors who purchased Cleveland-Cliffs securities may be entitled to compensation through a class action lawsuit without any out-of-pocket fees [2]. - The Rosen Law Firm is preparing a class action to seek recovery of investor losses [2]. Group 4: Rosen Law Firm's Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time [4]. - The firm has been ranked in the top 4 for securities class action settlements since 2013 and recovered hundreds of millions for investors, including over $438 million in 2019 [4].