Cleveland-Cliffs, Inc. (NYSE: CLF)

This investigation is for anyone who acquired securities in Cleveland-Cliffs, Inc. (NYSE: CLF) prior to May 7, 2025.

The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by overstating the anticipated demand for the Company’s products once tariffs went into effect.

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, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Cleveland-Cliffs, Inc. (NYSE: CLF) prior to May 7, 2025 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.