April 27, 2017 (Shareholders Foundation) - An investigation on behalf of investors of United States Steel Corporation (NYSE:X) shares over potential securities laws violations by U.S. Steel and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of United States Steel Corporation (NYSE:X) concerning whether a series of statements by United States Steel X regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
United States Steel Corporation reported that its annual Total Revenue declined from over $11.57 billion in 2015 to over $10.26 billion in 2016 and that its Net Loss declined from over $1.64 billion in 2015 to $440.00 million in 2016.

Shares of United States Steel Corporation (NYSE:X) grew from $6.89 per share in early 2016 to as high as $39.80 per share in February 2017.

On April 25, 2017, in after-hours trading, United States Steel Corporation reported a first quarter 2017 net loss of $180 million, or $1.03 per diluted share, which included an unfavorable adjustment of $35 million, or $0.20 per diluted share, associated with the loss on the shutdown of certain tubular assets.

Shares of United States Steel Corporation (NYSE:X) declined to as low as $21.85 per share on April 27, 2017.