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On June 30, 2016, the Court granted final approval of the settlement of this Action reached by the Court-appointed Lead Plaintiff, The Department of the Treasury of the State of New Jersey and its Division of Investment, on behalf of itself and the other members of the Settlement Class, with defendants Terrance Paradie, Joseph Carrabba, Laurie Brlas, and David Blake (the “Settlement”).  The Settlement provides for a payment of $84,000,000 in cash, and resolves all claims asserted in the Action.

If you are a member of the Settlement Class, your rights will be affected and you may be eligible for a payment from the Settlement. The Settlement Class consists of:

all persons and entities who or which purchased Cliffs Natural Resources Inc. common stock from March 14, 2012 through March 26, 2013, inclusive (the “Settlement Class Period”) and were damaged thereby, except for certain persons and entities who are excluded from the Settlement Class (see paragraph 29 of the Notice).

Please read the Notice to fully understand your rights.  Copies of the Notice and Claim Form can be found on the menu at the left of this page.

Payments to eligible claimants will be made only after any appeals are resolved, and after the completion of all claims processing.  Please be patient, as this process will take some time to complete.


IMPORTANT DATES

August 8, 2016

Claim Filing Deadline. Claim Forms must be postmarked no later than August 8, 2016 to be eligible for a payment from the Settlement.




If you have questions, you may call the Cliffs Securities Litigation Help Line at 866-778-1167 or email info@CliffsSecuritiesLitigation.com.
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