The Shareholders Foundation announces that an investigation on behalf of current long-term investors in shares of Peabody Energy Corporation (NYSE:BTU) shares was initiated over potential breaches of fiduciary duties by certain officers and directors at Peabody Energy.
Investors who purchased shares of Peabody Energy Corporation (NYSE:BTU) and currently hold any of those 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 concerns whether certain Peabody Energy officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Peabody Energy Corporation reported that its annual Total Revenue declined from over $8.07 billion in 2012 to over $7.01 billion in 2013 and that its respective Net Loss declined from $585.70 million to $524.90 million. Shares of Peabody Energy Corporation (NYSE:BTU) declined from $72.63 per share in March 2014 to as low as $9.91 per share on October 27, 2014.
On November 3, 2014, NYSE:BTU shares closed $10.52 per share.
Those who purchased shares of Peabody Energy Corporation have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com