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Cleveland-Cliffs under investigation for alleged securities misrepresentation.
ByAinvest
Sunday, Jul 20, 2025 10:57 am ET1min read
• Cleveland-Cliffs Inc. investigated for potential securities claims • Allegations of materially misleading business information • Investors may be entitled to compensation • Class action seeking recovery of investor losses • To join, visit https://rosenlegal.com/submit-form/?case_id=41168 or call 866-767-3653.
Title: Cleveland-Cliffs Inc. Faces Securities Claims InvestigationCleveland-Cliffs Inc. (NYSE: CLF) is under investigation by Rosen Law Firm for potential securities claims, stemming from allegations that the company may have issued materially misleading business information to the investing public. The investigation centers on a press release issued by Cliffs on May 7, 2025, detailing the company's first-quarter financial results for 2025.
The press release reported a $483 million GAAP net loss for the quarter, compared to a $434 million GAAP net loss for the fourth quarter of 2024. Additionally, Cliffs announced that it had "made the decision to fully or partially idle six facilities to optimize its footprint, reposition away from loss-making operations, and release excess working capital." The CEO's statement noted that the first-quarter results were negatively impacted by underperforming non-core assets and the lagging effect of lower index prices in late 2024 and early 2025.
Following this announcement, Cliffs' stock fell over 15% on May 8, 2025, and an additional 2% on May 9, 2025. Investors who purchased Cliffs securities during this period may be entitled to compensation without payment of any out-of-pocket fees or costs through a contingency fee arrangement. Rosen Law Firm is preparing a class action seeking recovery of investor losses.
To join the prospective class action, investors can visit [https://rosenlegal.com/submit-form/?case_id=41168](https://rosenlegal.com/submit-form/?case_id=41168) or call Phillip Kim, Esq. toll-free at 866-767-3653 for more information.
The Rosen Law Firm, known for its expertise in securities class actions and shareholder derivative litigation, has a proven track record of success in representing investors. The firm has achieved the largest ever securities class action settlement against a Chinese company and has been ranked in the top 4 each year since 2013, recovering hundreds of millions of dollars for investors.
References
[1] Rosen Law Firm. (2025, July 18). Rosen Law Firm encourages Cleveland-Cliffs Inc. investors to inquire about securities class action investigation - CLF. PR Newswire. Retrieved from https://www.prnewswire.com/news-releases/rosen-law-firm-encourages-cleveland-cliffs-inc-investors-to-inquire-about-securities-class-action-investigation--clf-302508890.html
[2] Rosen Law Firm. (2025, July 18). Rosen Law Firm encourages Cleveland-Cliffs Inc. investors to inquire about securities class action investigation - CLF. Morningstar. Retrieved from https://www.morningstar.com/news/pr-newswire/20250718dc33320/rosen-law-firm-encourages-cleveland-cliffs-inc-investors-to-inquire-about-securities-class-action-investigation-clf
[3] Rosen Law Firm. (2025, July 17). 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. Globe Newswire. Retrieved from https://www.globenewswire.com/news-release/2025/07/17/3117564/673/en/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.html
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