Follow Us On
News Index
« The Recent Impact of Tort Reform; Is this the “Fair and Predictable System of Civil Justice” Intended by the Ohio General Assembly? | Main | Federal Court Jury Awards CWP&G Client $1.365 Million Verdict on Breach of Contract and Retaliation Claims »
Wednesday
Oct052016

Court Grants Final Approval to $84 Million Class Action Settlement

CWP&G is pleased to announce that on June 30, 2016, Judge Dan Polster of the United States District Court for the Northern District of Ohio granted final approval to an $84 million class action settlement in the matter Department of the Treasury of the State of New Jersey and its Division of Investment v. Cliffs Natural Resources, Inc., Case No. 1:14-cv-01031.  The securities class action matter was brought against Cliffs Natural Resources, Inc. and certain of its senior executives.  The settlement class consists of all persons and entities who or which purchased Cliffs common stock from March 14, 2012 through March 26, 2013, inclusive, and were damaged thereby, except for certain persons and entities excluded from the settlement class by definition. 

CWP&G acted as court-appointed local counsel with co- lead counsel Bernstein Litowitz Berger & Grossmann, LLP and Lowenstein Sandler, LLP.  More information about the settlement can be found at http://www.cliffssecuritieslitigation.com/.