NEW YORK, July 6, 2015 /PRNewswire/ -- Faruqi & Faruqi,
LLP, a leading national securities law firm, is investigating
potential securities fraud at Peabody Energy Corporation ("Peabody
Energy" or the "Company") (NYSE: BTU).
The investigation focuses on whether the Company and its
executives violated federal securities laws by failing to disclose
that: (1) the U.S. Department of the Interior might be
examining Peabody Energy's eligibility for self-bonding, a
government program that gives coal companies a discount on the
costs of insuring their clean-ups in case of bankruptcy; (2) the
Company did not fully comply with federal self-bonding criteria in
regards to net worth, current assets and total liabilities at the
end of fiscal year 2014.
The information was made available to the public in a Reuter
article, re-published on June 30,
2015. On this news, Company share price fell $0.44, or nearly 17%, to close at $2.19 on that day.
Further, on July 1, 2015, Company
share price fell again after Peabody Energy announced lower
expected Q2 earning compared to last year's projected forecast.
During intraday trading on July 1,
Company share price declined $0.33,
or more than 15.6%, to close at $1.78.
Request more information now by clicking here:
www.faruqilaw.com/BTU. There is no cost or obligation to
you.
Take Action
If you invested in Peabody Energy stock or options and would
like to discuss your legal rights, visit
www.faruqilaw.com/BTU. You can also contact us by calling
Richard Gonnello toll free at
877-247-4292 or at 212-983-9330 or by sending an e-mail to
rgonnello@faruqilaw.com. Faruqi & Faruqi, LLP also
encourages anyone with information regarding Peabody Energy's
conduct to contact the firm, including whistleblowers, former
employees, shareholders and others.
Attorney Advertising. The law firm responsible for this
advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or
predict a similar outcome with respect to any future matter.
We welcome the opportunity to discuss your particular case.
All communications will be treated in a confidential manner.
FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Richard Gonnello,
Esq.
rgonnello@faruqilaw.com
Telephone: (877) 247-4292 or (212) 983-9330
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