PEABODY ENERGY INVESTOR ALERT: Shareholder Lawsuit Filed
BOSTON, MA / ACCESSWIRE / October 21, 2020 / Thornton Law Firm alerts investors that a shareholder class action lawsuit has been filed on behalf of shareholders of Peabody Energy Corporation (NYSE:BTU). Investors who purchased BTU common stock between April 3, 2017, and October 28, 2019 that are interested in participating in the lawsuit as a lead plaintiff are encouraged to visit www.tenlaw.com/cases/Peabody. Investors may also contact Thornton Law Firm at investors@tenlaw.com, or call 617-531-3917.
FOR MORE INFORMATION, VISIT: www.tenlaw.com/cases/Peabody
The lawsuit alleges violations of the federal securities laws on behalf of investors who purchased Peabody common stock during the class period. The Private Securities Litigation Reform Act of 1995 allows any investor who purchased the securities at issue in the case during the Class Period to seek appointment as a lead plaintiff in the lawsuit. A lead plaintiff acts on behalf of all other investor class members in managing the class action and can select a law firm of their choice to litigate the lawsuit. Serving as a lead plaintiff does not impact an investor's share in any potential recovery. If investors choose to take no action, they can remain an absent class member. Investors who wish to serve as a lead plaintiff and would like to learn more about the lead plaintiff process are encouraged to contact the Thornton Law Firm's shareholder rights team at www.tenlaw.com/cases/Peabody, by email at investors@tenlaw.com, or calling 617-531-3917. Interested Peabody shareholders have until November 27, 2020, to apply to be a lead plaintiff. The class has not yet been certified. Until certification occurs, investors are not represented by an attorney.
FOR MORE INFORMATION: www.tenlaw.com/cases/Peabody
The shareholder lawsuit alleges that Peabody and its executives failed to disclose to investors that the North Goonyella mine was at a heightened risk of shutdown due to the fact that Peabody failed to implement adequate safety controls and follow its own safety procedures. It is alleged that the truth about Peabody's inadequate safety practices was revealed on September 28, 2018, when a fire erupted at the mine, forcing Peabody to suspend operations indefinitely. Peabody shares fell $5.54 per share or 13.4 percent.
FOR MORE INFORMATION: www.tenlaw.com/cases/Peabody
Thornton Law Firm's securities attorneys are highly experienced in representing investors in recovering damages caused by violations of the securities laws. Its attorneys have established track records litigating securities cases in courts throughout the country and recovering losses on behalf of shareholders. This may be considered Attorney Advertising in some jurisdictions. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
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SOURCE: Thornton Law Firm LLP
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