Securities Fraud Investigation Into Cleveland-Cliffs Inc. (CLF) Announced – Investors Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz
LOS ANGELES--(BUSINESS WIRE)-- The Law Offices of Frank R. Cruz announces an investigation of Cleveland-Cliffs Inc. ('Cleveland-Cliffs' or the 'Company') (NYSE: CLF) on behalf of investors concerning the Company's possible violations of federal securities laws.
IF YOU ARE AN INVESTOR WHO LOST MONEY ON CLEVELAND-CLIFFS INC. (CLF), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS.
What Is The Investigation About?
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:
The Law Offices of Frank R. Cruz,
2121 Avenue of the Stars, Suite 800,
Century City, California 90067
Call us at: 310-914-5007
Email us at: info@frankcruzlaw.com
Visit our website at: www.frankcruzlaw.com.
Follow us for updates on Twitter at twitter.com/FRC_LAW.
If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
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