|[May 19, 2017]
U.S. STEEL LOSS REMINDER: Rosen Law Firm Reminds United States Steel Corporation Investors of Important Deadline in Class Action - X
Rosen Law Firm, a global investor rights law firm, reminds purchasers of
United States Steel Corporation securities (NYSE:X) from November 1,
2016 through April 25, 2017, inclusive (the "Class Period") of the
important July 3, 2017 lead plaintiff deadline. The lawsuit seeks to
recover damages for U.S. Steel investors under the federal securities
To join the U.S. Steel class action, go to http://rosenlegal.com/cases-1123.html
or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653
or email firstname.lastname@example.org or email@example.com
for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS
CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU
MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU
MAY RETAIN COUNSEL OF YOUR CHOICE.
The complaint alleges that defendants during the Class Period issued
false and misleading statements and/or failed to disclose that: (1)
while U.S. Steel was implementing its Carnegie Way program, it was
focused on cutting costs and was not making investments necessary to
position U.S. Steel so that it could respond to improved market
conditions; (2) defenants' failure to invest in improving capital
assets during the industry downturn, in order to report apparent
financial improvements, meant that U.S. Steel had higher production
costs than its competitors, even in the face of improved pricing, which
would negatively impact its financial results; and (3) defendants were
forestalling expensive capital equipment upgrades in order to boost U.S.
Steel's short-term financial results at the expense of long-term
financial performance, leaving U.S. Steel in need of accelerated, costly
equipment upgrades that would leave U.S. Steel years away from
generating improved financial performance. When the true details entered
the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as
lead plaintiff, you must move the Court no later than July 3, 2017. A
lead plaintiff is a representative party acting on behalf of other class
members in directing the litigation. If you wish to join the litigation,
go to http://rosenlegal.com/cases-1123.html
or to discuss your rights or interests regarding this class action,
please contact Phillip Kim, Esq. or Kevin Chan, Esq. of Rosen Law Firm
toll free at 866-767-3653 or via e-mail at firstname.lastname@example.org
Follow us for updates on LinkedIn (News - Alert): https://www.linkedin.com/company/the-rosen-law-firm
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Attorney Advertising. Prior results do not guarantee a similar outcome.
Rosen Law Firm represents investors throughout the globe, concentrating
its practice in securities class actions and shareholder derivative
litigation. Since 2014, Rosen Law Firm has been ranked #2 in the nation
by Institutional Shareholder Services for the number of securities class
action settlements annually obtained for investors.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170519005754/en/
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