Investigation announced for Long-Term Investors in shares of Peabody Energy Corporation (NYSE: BTU)

An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of Peabody Energy Corporation.

Investors who are current long term investors in Peabody Energy Corporation (NYSE: BTU) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for investors in NYSE: BTU stocks follows a lawsuit filed against Peabody Energy Corporation over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: BTU stocks, concerns whether certain Peabody Energy Corporation directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Southern District of New York the plaintiff alleges that the defendants failed to disclose, and would continue to omit, the following adverse facts pertaining to the safety practices at the Company’s North Goonyella mine, which were known to or recklessly disregarded by Defendants the Company had failed to implement adequate safety controls at the North Goonyella mine to prevent the risk of a spontaneous combustion event, the the Company failed to follow its own safety procedures, and as a result, the North Goonyella mine was at a heightened risk of shutdown.

The plaintiff alleges that the defendants failed to disclose, and would continue to omit, the following adverse facts pertaining to the feasibility of Peabody’s plan to restart the North Goonyella mine the Company’s low-cost plan to restart operations at the mine posed unreasonable safety and environmental risks, the Australian body responsible for ensuring acceptable health and safety standards, the Queensland Mines Inspectorate, would likely mandate a safer, cost-prohibitive approach, and as a result, there would be major delays in reopening the North Goonyella mine and restarting coal production.

Those who purchased shares of Peabody Energy Corporation (NYSE: BTU) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.