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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until November 27, 2020 to file lead plaintiff applications in a securities class action lawsuit against Peabody Energy Corp. (NYSE: BTU).
Peabody and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
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 strict restrictions on restarting operations resulting in drastic adjustments to its reentry plan, ultimately announcing a minimum three year delay.
On this news, the price of Peabody’s shares plummeted.
If you purchased shares of Peabody and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (email@example.com), or fill out the form on this page.
The case is Oklahoma Firefighters Pension and Retirement System v. Peabody Energy Corp., 20-cv-08024.
Click here to read the case complaint.