Cleveland-Cliffs Inc. Emerges Victorious as Major Steel Players Dismiss Lawsuit
Cleveland, Ohio—Cleveland-Cliffs Inc. (NYSE: CLF), one of the leading steel manufacturers in North America, has seen a favorable development in its legal landscape. On September 4, the company announced that United States Steel Corporation, along with Nippon Steel Corporation and Nippon Steel North America Inc., has voluntarily dismissed a lawsuit against Cleveland-Cliffs and its executives, including CEO Lourenco Goncalves. The lawsuit, which was filed earlier this year, has been dismissed with prejudice, indicating a permanent closure of the case without any financial settlement. This dismissal includes a comprehensive release of all claims made against Cleveland-Cliffs, … Read more