The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Peabody Energy Corporation ("Peabody" or "the Company") (NYSE: BTU) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Peabody failed to follow appropriate safety controls at its North Goonyella mine, placing it at a heightened risk of being shut down. The Company followed a low-cost plan to restart operations that did not address safety and environmental concerns. The Queensland Mines Inspectorate ("QMI") was likely to mandate a safer, more costly approach. The Company suffered further delays reopening the mine based on this difference. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Peabody, investors suffered damages.
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We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at email@example.com.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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