United States Steel Corporation (NYSE: X)

This investigation is for anyone who acquired securities in United States Steel Corporation (NYSE: X) from December 18, 2023 through May 21, 2024.

The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by telling investors that the Company’s agreement to be acquired by Nippon Steel Corporation was subject to “customary” approvals and conditions when the Company knew that the deal was not subject to customary approvals and conditions.

On March 13, 2024, reports emerged that the deal between US Steel and Nippon was subject to more than “customary” conditions, including National Security conditions. On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume. Then, on May 21, 2024, US Steel disclosed that the deal with Nippon is, indeed, subject to National Security conditions and not merely “customary conditions.” On this news, the price of the Company’s stock again dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in United States Steel Corporation (NYSE: X) from December 18, 2023 through May 21, 2024 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.