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INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Cleveland-Cliffs Inc. - CLF

1. Pomerantz LLP is investigating claims of securities fraud against Cleveland-Cliffs. 2. Cleveland-Cliffs reported a larger than expected adjusted loss in Q1 2025. 3. The company announced plans to idle six steel plants amid revenue decline. 4. Stock price fell 15.78% following the negative financial results announcement. 5. Shift in focus from non-core markets to automotive industry is planned.

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FAQ

Why Very Bearish?

The reported losses and plant idling raise severe concerns about CLF's future profitability.

How important is it?

Financial struggles and possible class action could deter investors, impacting stock price stability.

Why Short Term?

Immediate investor reactions to financial results and stock price drop likely persist in upcoming quarters.

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, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of  Cleveland-Cliffs Inc. ("Cleveland-Cliffs" or the "Company") (NYSE: CLF). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980. The investigation concerns whether Cleveland-Cliffs and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  [Click here for information about joining the class action] On May 7, 2025, Cleveland-Cliffs issued a press release 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.  On this news, Cleveland-Cliffs' stock price fell $1.34 per share, or 15.78%, to close at $7.15 per share on May 8, 2025. Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com. CONTACT: Danielle Peyton Pomerantz LLP [email protected] 646-581-9980 ext. 7980 SOURCE Pomerantz LLP WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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