NEW YORK, June 19, 2017 (GLOBE NEWSWIRE) -- Rosen Law Firm, a global investor rights law firm, reminds purchasers
of United States Steel Corporation securities (NYSE:X) from November 1, 2016 through April 25, 2017, inclusive (the “Class Period”)
of the important July 3, 2017 lead plaintiff deadline. The lawsuit seeks to recover damages for U.S. Steel investors under the
federal securities laws.
To join the U.S. Steel class action, go to http://rosenlegal.com/cases-1123.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at
866-767-3653 or email pkim@rosenlegal.com or kchan@rosenlegal.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL
UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR
CHOICE.
The complaint alleges that defendants during the Class Period issued false and misleading statements and/or failed
to disclose that: (1) while U.S. Steel was implementing its Carnegie Way program, it was focused on cutting costs and was not
making investments necessary to position U.S. Steel so that it could respond to improved market conditions; (2) defendants’ failure
to invest in improving capital assets during the industry downturn, in order to report apparent financial improvements, meant that
U.S. Steel had higher production costs than its competitors, even in the face of improved pricing, which would negatively impact
its financial results; and (3) defendants were forestalling expensive capital equipment upgrades in order to boost U.S. Steel’s
short-term financial results at the expense of long-term financial performance, leaving U.S. Steel in need of accelerated, costly
equipment upgrades that would leave U.S. Steel years away from generating improved financial performance. When the true details
entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no
later than July 3, 2017. A lead plaintiff is a representative party acting on behalf of other class members in directing the
litigation. If you wish to join the litigation, go to http://rosenlegal.com/cases-1123.html or to discuss your rights or interests regarding this
class action, please contact Phillip Kim, Esq. or Kevin Chan, Esq. of Rosen Law Firm toll free at 866-767-3653 or via e-mail at
pkim@rosenlegal.com or kchan@rosenlegal.com.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm. Attorney Advertising. Prior results do not guarantee a similar
outcome.
Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions
and shareholder derivative litigation. Since 2014, Rosen Law Firm has been ranked #2 in the nation by Institutional Shareholder
Services for the number of securities class action settlements annually obtained for investors.
Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. Kevin Chan, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 34th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 lrosen@rosenlegal.com pkim@rosenlegal.com kchan@rosenlegal.com www.rosenlegal.com