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VRAKAS v. UNITED STATES STEEL CORPORATION et al

  1. March 21, 2023

    NY State Can't Downsize Fee For Attys In US Steel Suit

    Levi & Korsinsky LLP will receive a $13.3 million fee for its work on an investor action against steel producer U.S. Steel, despite a request from New York state's comptroller that the presiding Pittsburgh federal judge consider a fee request half that size or smaller.

  2. March 13, 2023

    Signature Bank Seizure Spurs $40M US Steel Settlement Move

    New York regulators' seizure of Signature Bank over the weekend spurred a class of investors in U.S. Steel to make an emergency transfer of $40 million the company had put into a settlement fund with the bank, according to court filings Monday.

  3. February 24, 2023

    NY Comptroller Balks At Atty Fees In US Steel Settlement

    The New York State Comptroller's Office has registered an objection to Levi & Korsinsky LLP's request for $13.3 million in attorney fees from the settlement of a shareholder suit against U.S. Steel, arguing to a Pennsylvania federal court that awarding one-third of the $40 million settlement fund in fees would be "shockingly high."

  4. February 08, 2023

    Investor Attys Ask For $13.3M Fee In US Steel Stock Suit

    Counsel representing U.S. Steel investors asked a Pennsylvania federal judge to award them $13.3 million in fees and $2.7 million in expenses following a $40 million cash deal to end claims the company hurt investors by concealing lost production capacity.

  5. May 23, 2022

    US Steel, Investors Reach $40M Deal To End Stock Row

    Investors in Pittsburgh-based steel producer U.S. Steel have asked a Pennsylvania federal judge to give an initial nod to a $40 million cash deal that would end their claims the company hurt investors by concealing lost production capacity.

  6. April 22, 2021

    Judge Rips 'Gotcha Litigation Tactics' In US Steel Stock Row

    A Pennsylvania federal judge has criticized Jones Day and Levi & Korsinsky LLP for engaging in "'gotcha' litigation tactics" in a class action over declining U.S. Steel stock prices, denying a bid to sanction the company over a discovery delay.

  7. January 02, 2020

    US Steel Investors Win Cert. In Stock-Drop Suit

    A Pennsylvania federal judge has certified a class of United States Steel Corp. investors who claim that the company caused a decline in its stock price by hiding inefficiencies at its production facilities.

  8. June 19, 2019

    US Steel Says Investors Can't 'Skate By' With Class Cert. Bid

    U.S. Steel challenged a class certification bid in Pennsylvania federal court Tuesday, arguing the investors who accuse the company of misrepresenting maintenance plans for its plants and equipment are improperly trying to "skate by on generalities" in their proposed securities class action.

  9. April 22, 2019

    Investors Seek Class Cert. In US Steel Stock-Drop Suit

    U.S. Steel investors have urged a Pennsylvania federal judge to grant them class certification in their stock-drop suit accusing the steel manufacturer of misrepresenting maintenance plans for its plants and equipment, and to name their attorneys at Levi & Korsinsky LLP class counsel.

  10. November 06, 2018

    US Steel Investors Fail To Revive Claims In Fraud Suit

    Investors in U.S. Steel Corp. cannot reboot claims of fraudulent financial reporting in their stock-drop suit against the steel producer after a Pennsylvania federal judge agreed with the company on Tuesday that the shareholders threw away their chance to file an amended complaint.

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