NEW YORK, April 27, 2017 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of United States Steel Corporation ("U.S. Steel" or the "Company") (NYSE: X). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/x.
The investigation concerns whether U.S. Steel and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On April 25, 2017, after-market hours, U.S. Steel revealed a first quarter 2017 net loss of $180 million, or $1.03 per diluted share, which included a disparaging adjustment of $35 million, or $0.20 per diluted share, associated with the loss on the shutdown of certain tubular assets. Zacks Investment Research surveyed analysts, looking for earnings of $.30 per share. Following this news, U.S. Steel stock dropped over 26% during intra-day trading on April 26, 2017
If you are aware of any facts relating to this investigation, or purchased shares of U.S. Steel, you can assist this investigation by visiting the firm's site: www.bgandg.com/x. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | firstname.lastname@example.org
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