The Law Offices of Frank R. Cruz Announces the Filing of a Securities Class Action on Behalf of Peabody Energy Corporation (BTU) Investors
LOS ANGELES–(BUSINESS WIRE)–Sep 30, 2020–
The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of persons and entities that purchased or otherwise acquired Peabody Energy Corporation (“Peabody” or the “Company”) (NYSE: BTU ) common stock between April 3, 2017 and October 28, 2019, inclusive (the “Class Period”). Peabody investors have until November 27, 2020 to file a lead plaintiff motion.
If you are a shareholder who suffered a loss, click here to participate.
On September 28, 2018, Peabody announced that it did “not expect any production from North Goonyella in the fourth quarter of 2018” due to a fire occurring within the mine.
On this news, the Company’s stock price fell $5.54, or over 13%, to close at $35.64 per share on September 28, 2018, thereby injuring investors.
Then, on February 6, 2019, Peabody reported disappointing financial results for fourth quarter