According to the Complaint, Peabody made misleading and/or false statements to the market. At its North Goonyella mine, Peabody failed to follow appropriate safety controls, placing it at a heightened risk of being shut down. Peabody followed a low-cost plan to restart operations that did not address environmental and safety concerns. The Queensland Mines Inspectorate was likely to mandate a more costly, safer approach. Based on this difference, Peabody suffered further delays in reopening the mine. Peabody’s public statements were materially misleading and false throughout the class period, based on these facts. Investors suffered damages when the market learned the truth about Peabody.
Peabody Energy Corporation
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