Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

UNITED STATES STEEL CORP (X) Class Action Lawsuit (May 2017)

Closed

2:17cv579 • May 3, 2017

Class Period Start

January 27, 2016

Class Period End

July 24, 2017

PSLRA Deadline

July 3, 2017

Case Allegations

10b5

Statutes of Repose

Jan 27, 2019

Country

United States

Court

Federal Court

Settlement Information

Please note that for cases in the settlement stage, claims are handled by the claims administrator and NOT Levi & Korsinsky. Any information or documentation previously provided to us does not constitute submission of a claim. If you need to file a claim, check the status of a claim, or have questions regarding distribution of settlement funds, please contact the claims administrator below.

Claim Deadline

March 1, 2023

Settlement Fund

$40,000,000

Settlement Status

Disbursed

Settlement Class

All persons or entities that purchased or otherwise acquired U. S. Steel common stock and options between January 27, 2016, and April 25, 2017, inclusive.

Claim Administrator

A.B. Data, Ltd.
United States Steel Corporation Securities Litigation Claims Administrator c/o A.B. Data, Ltd. P.O. Box 170500 Milwaukee, WI 53217
+1 877-868-2084
[email protected]

Settlement Website

www.ussteellitigation.com

Hearing Date

March 20, 2023

Opt-out Deadline

February 20, 2023

Settlement Note

Download here

Proof Of Claim

Download here

Docket History

Mar 14, 2024

Disbursement Approved

The court has approved the distribution of settlement funds to eligible class members. Investors with approved claims may receive payments from the settlement. If you have questions about your claim or payment, contact the claims administrator.

Mar 21, 2023

Final Approval of Settlement

The court has granted final approval of the settlement. Eligible investors who submit valid claims may receive a payment once the claims review and distribution process is completed.

Nov 9, 2022

Proof of Claim Form

To receive your portion of the recovery (if you are eligible), you must submit this form to the claims administrator by the deadline indicated on the form itself. If you do not submit this form in time, you will not be entitled to compensation. If you have questions about how to complete the form, you should contact the claims administrator.

Nov 9, 2022

Preliminary Approval of Settlement

The court has granted preliminary approval of a proposed settlement. This means the settlement can move forward for further consideration, but it has not yet received final approval. Potential class members will generally receive notice explaining the settlement, their rights, and any deadlines for submitting a claim, objecting to the settlement, or choosing not to participate.

May 20, 2022

Proposed Settlement

Dec 30, 2020

Scheduling Order

Apr 24, 2020

Scheduling Order

Feb 25, 2020

Scheduling Order

Jan 29, 2020

Scheduling Order

Dec 31, 2019

Class Certification Granted

The court has determined that a class action is the appropriate method to bring the claims by class members. Usually, when a class is certified, the judge will also affirm an individual or entity to represent the class and finalize a class definition (i.e.: who is represented in the lawsuit).

Apr 19, 2019

Motion for Class Certification

The plaintiffs have asked the court to approve the lawsuit to proceed as a class action on behalf of a group of investors. The judge will decide whether the case meets the requirements for class certification and which investors and claims may be included.

Sep 29, 2018

Motion to Dismiss Denied

The court has denied the defendants' request to dismiss the lawsuit. The case can now move forward to the next stage of litigation.

Dec 14, 2017

Motion to Dismiss

After reviewing the complaint(s) filed by plaintiffs, defendants have filed a motion requesting that the court dismiss some or all of the plaintiffs' claims. In a motion to dismiss, defendants might challenge the validity of plaintiffs' claims or adequacy of plaintiffs' pleadings. Once a motion to dismiss is filed, the judge will make a decision on whether part or all of the case should be dismissed or the case can proceed as alleged.

Dec 14, 2017

Motion to Dismiss

After reviewing the complaint(s) filed by plaintiffs, defendants have filed a motion requesting that the court dismiss some or all of the plaintiffs' claims. In a motion to dismiss, defendants might challenge the validity of plaintiffs' claims or adequacy of plaintiffs' pleadings. Once a motion to dismiss is filed, the judge will make a decision on whether part or all of the case should be dismissed or the case can proceed as alleged.

Nov 1, 2017

Scheduling Order

Oct 4, 2017

Second Amended Complaint

A new complaint has been filed on behalf of certain investors in UNITED STATES STEEL CORP. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.

Aug 17, 2017

Scheduling Order

Aug 16, 2017

Appointment of Lead Plaintiff

The court has appointed a lead plaintiff to represent the interests of investors in the lawsuit. The lead plaintiff works with the attorneys handling the case, helps oversee the litigation, and represents the interests of the proposed class.

May 3, 2017

First Filed Complaint

A securities fraud class action complaint has been filed on behalf of certain investors in UNITED STATES STEEL CORP.

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