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
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to info@portnoylaw.com.
There is no cost or obligation associated with submitting your information. If you are a shareholder who suffered a loss, please submit your contact information and purchase information to participate in the putative class action.
We also encourage you to contact Lesley F. Portnoy of The Portnoy Law Firm, at 310.692.8883, to discuss your rights free of charge. You can also reach us through the firm’s website at www.portnoylaw.com, or by email at info@portnoylaw.com.
If you choose to take no action, you can remain an absent class member.
Joining the case through the Portnoy Law website enables investors to learn about their legal claims and take an active role in recovering their losses.
The Portnoy Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
CONTACT:
Portnoy Law Firm
Lesley F. Portnoy, Esq.,
www.portnoylaw.com
Office: 310.692.8883
1800 Century Park East, Suite 600
Los Angeles, CA 90067
info@portnoylaw.com
