NEW YORK, May 14, 2014 (GLOBE NEWSWIRE) -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Northern District of Ohio on behalf of investors who purchased Cliffs Natural Resources, Inc. ("Cliffs Natural" or the "Company") (NYSE:CLF) common stock from March 14, 2012 and March 26, 2013.
For more information, click here: http://zlk.9nl.com/cliffs-natural-resources-clf.
The complaint alleges that during the Class Period Cliffs Natural made materially false and misleading statements regarding the testing and sustainability of the Company's dividend and the possibility that production at its ore mine "Bloom Lake" could be increased even as production costs decreased.
Shares of Cliffs Natural have fallen from a close of $69.50 at the start of the Class Period to a close of $21.43 on March 26, 2013. Shares of Cliffs Natural have plummeted to a close of less than $18.00 per share as recently as May 13, 2014.
If you suffered a loss in Cliffs Natural you have until July 11, 2014 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/cliffs-natural-resources-clf.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (866) 367-6510 www.zlk.comSource:Levi & Korsinsky, LLP