SAN DIEGO, April 26, 2017 /PRNewswire/ -- Shareholder Rights Law Firm Johnson & Weaver, LLP is investigating potential violations of the federal securities laws by United States Steel Corporation (NYSE: X) and certain of its officers.
On April 25, 2017, in after-hours trading, U.S. Steel reported a first quarter 2017 net loss of $180 million, or $1.03 per diluted share, which included an unfavorable adjustment of $35 million, or $0.20 per diluted share, associated with the loss on the shutdown of certain tubular assets. Analysts surveyed by Zacks Investment Research were looking for earnings of $.30 per share. In late day trading on April 26, 2017, shares were down over 26%.
If you have information that could assist in this investigation, including former employees and others, or if you are a U.S. Steel shareholder and are interested in learning more about the investigation or your legal rights and remedies, please contact Jim Baker ([email protected]) by email or by phone at 619-814-4471. If you email, please include your phone number.
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Johnson & Weaver, LLP
Jim Baker, 619-814-4471
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