SunCoke Energy Inc. press release

Protect Your Investment: Contact Levi & Korsinsky About the Cleveland-Cliffs Inc. (CLF) Investigation

2025-05-22

NYSE - New York Stock Exchange · Coal · Iron · United States · Legal Matters

NEW YORK CITY, NY / ACCESS Newswire/ May 21, 2025 / Levi & Korsinsky notifies investors that it has commenced an investigation of Cleveland-Cliffs Inc. ("Cleveland-Cliffs Inc.") (NYSE:CLF) concerning possible violations of federal securities laws.

Cleveland-Cliffs issued a press release on May 7, 2025, reporting its financial results for the first quarter of 2025. Among other items, Cleveland-Cliffs reported a larger than expected adjusted loss and an 11% year-over-year revenue decline to $4.63 billion. The Company also announced plans to fully or partially idle six steel plants. Cleveland-Cliffs' Chief Executive Officer attributed the operational changes to negative effects from underperforming non-core assets and the lagging effect of lower index prices in late 2024 and early 2025, and said that the Company is repositioning its portfolio away from non-core markets, including rail, high-carbon sheet, and specialty plate products, and toward the automotive industry.

Following this news, Cleveland-Cliffs' stock price fell over 15% on May 8, 2025. To obtain additional information, go to:

https://zlk.com/pslra-1/cleveland-cliffs-inc-lawsuit-submission-form?prid=149686&wire=1&utm_campaign=68

or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.comor by telephone at (212)363-7500.

WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.

CONTACT: Levi & Korsinsky, LLP Joseph E. Levi, Esq. Ed Korsinsky, Esq. 33 Whitehall Street, 17th Floor New York, NY 10004 jlevi@levikorsinsky.com Tel: (212)363-7500 Fax: (212)363-7171 https://zlk.com/

SOURCE: Levi & Korsinsky, LLP

View the original press releaseon ACCESS Newswire