Shareholder Rights Law Firm Johnson & Weaver, LLP announced today that it is investigating potential violations of the federal securities laws by
US Steel and certain of its officers.
On April 25,
US Steel reported a first quarter 2017 net loss of $180 million, or $1.03 per diluted share. 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 percent.
Johnson & Weaver are seeking information that could assist in the investigation from former employees, shareholders, or others with information.