LOS ANGELES, CA / ACCESSWIRE / October 14, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class-action lawsuit against Peabody Energy Corporation ("Peabody" or "the Company") (NYSE:BTU) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company's securities between April 3, 2017 and October 28, 2019, inclusive (the ''Class Period''), are encouraged to contact the firm before November 27, 2020.
click here to participate." type="text">If you are a shareholder who suffered a loss, click here to participate.
www.schallfirm.com," or="" by="" email="" type="text">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 protected].
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. 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.
Join the case to recover your losses." type="text">Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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SOURCE: The Schall Law Firm