By Amanda Gillooly, for the Group Against Smog and Pollution U.S. Steel investors in April filed a class-action complaint against the multi-billion-dollar company, alleging violations of federal securities laws. Documents filed in the U.S. District Court for the Western District of Pennsylvania accuse company leaders of misleading investors about U.S. Steel’s financial wellbeing, including a “sham” implementation of what U.S. Steel called a “transformational process to make the company profitable again.” Top executives at U.S. Steel touted the program — “The Carnegie Way” — as a three-pronged initiative that would focus on employee engagement, “operational excellence,” and “reliability-centered maintenance,” which together promised “proactive improvements” to its manufacturing facilities. The complaint alleges that, in reality, The Carnegie Way prioritized just one thing: extreme cost-cutting measures that deferred facility maintenance, forcing employees…
