Bulletin
Investor Alert

press release

March 12, 2021, 10:50 p.m. EST

PEABODY ENERGY INVESTIGATION CONTINUED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Continues to Investigate the Officers and Directors of Peabody Energy Corp. - BTU

Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF continues its investigation into Peabody Energy Corp. /zigman2/quotes/203600175/composite BTU +10.32% .

On September 28, 2018, a fire erupted at the Company’s North Goonyella mine, resulting in operations being suspended indefinitely. Following a series of negative disclosures relating to delays in resuming operations at the mine, on October 29, 2019, the Company disclosed that regulators were placing severe restrictions on restarting operations resulting in drastic adjustments to its reentry plan, ultimately announcing a minimum three year delay.

Thereafter, the Company and certain of its executives were sued in a securities class action lawsuit, charging them with failing to disclose material information during the Class Period, violating federal securities laws, which remains ongoing.

KSF’s investigation is focusing on whether Peabody’s officers and/or directors breached their fiduciary duties to Peabody’s shareholders or otherwise violated state or federal laws.

If you have information that would assist KSF in its investigation, or have been a long-term holder of Peabody shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn ( lewis.kahn@ksfcounsel.com ), or visit https://www.ksfcounsel.com/cases/nyse-btu/ to learn more.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, money managers and retail investors – in seeking to recover investment losses due to corporate fraud and malfeasance by publicly traded companies. KSF has offices in New York, California and Louisiana.

To learn more about KSF, you may visit www.ksfcounsel.com .

View source version on businesswire.com: https://www.businesswire.com/news/home/20210312005067/en/

SOURCE: Kahn Swick & Foti, LLC

Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com
1-877-515-1850

COMTEX_382624808/2456/2021-03-12T22:50:04

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

Copyright Business Wire 2021

/zigman2/quotes/203600175/composite
US : U.S.: NYSE
$ 6.52
+0.61 +10.32%
Volume: 8.39M
May 11, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$580.95 million
Rev. per Employee
$631,652
loading...

Comtex

Partner Center

Link to MarketWatch's Slice.