LEGAL PROCEEDINGS
+Added: Mesabi Metallics Adversary Proceeding.
+Added: As previously disclosed, on September 7, 2017, Mesabi Metallics Company LLC (f/k/a Essar Steel Minnesota LLC) ("Mesabi Metallics") filed a complaint against Cleveland-Cliffs Inc.
+Added: in the Essar Steel Minnesota LLC and ESML Holdings Inc.
+Added: bankruptcy proceeding in the United States Bankruptcy Court, District of Delaware (the "Bankruptcy Court").
+Added: Mesabi Metallics alleged tortious interference with its contractual rights and business relations involving certain vendors, suppliers and contractors, violations of federal and Minnesota antitrust laws through monopolization, attempted monopolization and restraint of trade, violation of the automatic stay, and civil conspiracy with unnamed Doe defendants.
+Added: Mesabi Metallics amended its complaint to add additional defendants, including, among others, our subsidiary, Cleveland-Cliffs Minnesota Land Development Company LLC ("Cliffs Minnesota Land"), and to add additional claims, including avoidance and recovery of unauthorized post-petition transfers of real estate interests, claims disallowance, civil contempt and declaratory relief.
+Added: Mesabi Metallics seeks to hold the defendants jointly and severally liable for, among other things, antitrust damages and injunctive relief.
+Added: The parties filed various dispositive motions on certain of the claims, including a motion for partial summary judgment to settle a dispute over real estate transactions between Cliffs Minnesota Land and Glacier Park Iron Ore Properties LLC ("GPIOP").
+Added: A ruling in favor of Cliffs, Cliffs Minnesota Land and GPIOP was issued on July 23, 2018, finding that Mesabi Metallics' leases had terminated and upholding Cliffs' and Cliffs Minnesota Land's purchase and lease of the contested real estate interests.
+Added: Mesabi Metallics filed a Motion for Leave to File an Interlocutory Appeal, which was denied on September 10, 2019.
+Added: Discovery was completed, and the parties filed cross-motions for summary judgment.
+Added: On October 8, 2024, the Bankruptcy Court issued an order granting and denying parts of the cross-motions.
+Added: We will seek leave in federal district court for review of legal errors contained in the Bankruptcy Court's ruling.
+Added: We continue to believe the claims asserted against us are without merit, and we intend to continue vigorously defending against all remaining claims in the lawsuit.
Environmental Matters .
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