【hormone replacement therapy for menopause in fort lee new jersey】SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Peabody Energy Corporation
NEW YORK,hormone replacement therapy for menopause in fort lee new jersey NY / ACCESSWIRE / November 4, 2020 /
Pomerantz LLP is investigating claims on behalf of investors of Peabody Energy Corporation ("Peabody" or the "Company") (NYSE:BTU). Such investors are advised to contact Robert S. Willoughby at
or 888-476-6529, ext. 7980.
The investigation concerns whether Peabody and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On September 28, 2018, a fire occurred at Peabody's North Goonyella coal mine in Central Queensland, Australia, forcing Peabody to suspend its operations indefinitely. On this news, Peabody's stock price fell $5.54 per share, or 15.3%, to close at $35.64 per share on September 28, 2018.
On February 6, 2019, Peabody disclosed that contrary to the Company's previous statements, production at the North Goonyella would not resume in 2019, but was instead targeted to begin to ramp in the early months of 2020. On this news, Peabody's stock price fell $3.80 per share, or 10.6%, to close at $32.05 per share on February 6, 2019.
On May 1, 2019, Peabody reported that it had received a directive from the Queensland Mines Inspectorate ("QMI") which could lead to further delays and necessitate a reevaluation of the Company's reentry plan for the mine. On this news, Peabody's stock price fell $1.61 per share, or 5.6%, to close at $27.16 per share on May 1, 2019.
On July 31, 2019, Peabody reported additional delays to the reentry of North Goonyella, explaining that QMI's requirements had resulted in a slower rate of progress than Peabody's initial plan had contemplated. As a results, Peabody suspended its 2020 production guidance at the mine and informed investors that it was reevaluating its entire reentry plan. On this news, Peabody's stock price fell $1.06 per share, or 4.8%, to close at $21.06 per share on July 31, 2019.
On August 9, 2019, QMI released preliminary investigative findings indicating that Peabody had deficient safety systems in place at its North Goonyella mine and that the Company was not cooperating fully with QMI's investigation. On this news, Peabody's stock price fell $0.37 per share, or 2%, to close at $18.13 per share on August 9, 2019.
Finally, on October 29, 2019, Peabody disclosed that QMI was placing stringent restrictions on restarting operations at the North Goonyella mine, forcing Peabody to drastically adjust its reentry plan, ultimately announcing that there would be a delay of at least three years before any meaningful coal could be produced at the North Goonyella mine. On this news, Peabody's stock price fell $3.56 per share, or 22.19%, to close at $12.48 per share on October 29, 2019.
Story continues
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See
www.pomerantzlaw.com
.
SOURCE:
Pomerantz LLP
View source version on accesswire.com:
https://www.accesswire.com/614603/SHAREHOLDER-ALERT-Pomerantz-Law-Firm-Investigates-Claims-On-Behalf-of-Investors-of-Peabody-Energy-Corporation
View comments
-
XFC to Live Stream Inaugural Try-Outs in Michigan on Sept 12 Live on Location at Team SFS-Scorpion Fighting SystemTop economists expect 'leaner' times ahead: SurveyBRIEF-China Evergrande Group Posts January Contracted Sales Of Properties Of Rmb43.17 BlnShould Severfield plc (LON:SFR) Be Part Of Your Portfolio?What Can We Learn About FRP Holdings' (NASDAQ:FRPH) CEO Compensation?Natural Gas Price Fundamental Daily Forecast – Bouncing Back After Hitting More Than 3-Month LowMidday index, ETF option volumesVEGOILS-Palm hits 2-week high on weakness in ringgitHSBC, Standard Chartered Shares Plunge After Dividend Payment CancellationsThe top iPhone and iPad apps on App Store
下一篇:U.S. Stocks Set To Open Higher On Final Day Ahead Of U.S. Presidential Election
- ·'Unsustainable': Mexico's Pemex buckling under crushing pension debt
- ·Do Institutions Own The Caldwell Partners International Inc. (TSE:CWL) Shares?
- ·W.R. Berkley Corp. Appoints Philip Welt as GC, Executive VP
- ·Zoo animals still need to be fed despite government shutdown
- ·IMPORTANT SHAREHOLDER ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Beyond Meat, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm
- ·Wiseway Group Limited (ASX:WWG) Is Employing Capital Very Effectively
- ·Mitsubishi Motors beats view with 38 percent profit jump on Southeast Asia sales
- ·Former Judge Randy Wilson Returns to Susman Godfrey After 15 Years on Bench
- ·Is Ivy Small Cap Growth Y (WSCYX) a Strong Mutual Fund Pick Right Now?
- ·Vehicle ploughs into New Year's crowd in Tokyo, injures eight people
- ·Colbert Figures Out How to Make Coronavirus Quarantine Feel Like a Vacation, Literally (Video)
- ·GLOBAL MARKETS-Asian shares off 4-month high as China data disappoints
- ·IIOT-OXYS, Provides Business Update on COVID-19
- ·EC allows RBI to announce new bank licences
- ·Why Earnings Season Could Be Great for Watts Water (WTS)
- ·Boeing Wins $400M Deal to Support B-1 & B-52 Bomber Aircraft
- ·George Floyd protests recall earlier tensions, promises of economic change
- ·Famous People from Rhode Island: How many of these 50 famous people do you know?
- ·33 Flouncy Frothy Fabulous Miss Universe Pageant Gowns
- ·Nintendo chief: Seeking growth sources as Switch sales slow
- ·SponsorsOne Assembles Management Dream Team For Craft Alcohol Product Development, Branding, Marketing, Sales and Distribution
- ·BRIEF-China National Chemical Engineering's Unit Signs Methanol-Related Project Worth $1.48 Bln In Russia
- ·Nexans : Information on share capital and voting rights - DECEMBER 2018
- ·Who Has Been Selling Virtusa Corporation (NASDAQ:VRTU) Shares?
- ·Donald Trump vows 'major' steps to aid US economy amid coronavirus rise
- ·BRIEF-Guangxi Guidong Electric Power's Unit To Invest In Hydroelectric Power Project In The Philippines
- ·Cheap oil prices likely to reduce inflationary pressures in India: government adviser
- ·Is AEW UK Long Lease REIT Plc (LON:AEWL) A Healthy REIT?
- ·Indian manufacturing growth slows in December despite price cuts: PMI
- ·The center of the Milky Way looks like a work of art
- ·ProPetro Holding (PUMP) Reports Q3 Loss, Lags Revenue Estimates
- ·Why RPC Group Plc (LON:RPC) Is A Top Dividend Stock
- ·Disney Infinity Expansion Includes More Marvel and Star Wars
- ·7 New Year Resolutions Images to Kick Off 2019
- ·The Envipco Holding (AMS:ENVI) Share Price Is Down 14% So Some Shareholders Are Getting Worried
- ·BRIEF-Seazen Holdings Says Jan Contract Sales Up 6.55 Percent Y/Y