An investigation on behalf of investors of Foresight Energy LP (NYSE:FELP) shares over potential securities laws violations by Foresight Energy and certain of its directors and officers in connection certain financial statements was announced.
St. Louis, MO based Foresight Energy LP is engaged in the mining and marketing of coal from reserves and operations located in the Illinois Basin.
Investors who purchased shares of Foresight Energy LP (NYSE:FELP), 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 focuses on possible claims on behalf of purchasers of the securities of Foresight Energy LP (NYSE:FELP) concerning whether a series of statements by Foresight Energy LP regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Shares of Foresight Energy LP (NYSE:FELP) reached as high as $20.44 per share in early July 2014.
Foresight Energy LP reported that its annual Total Revenue rose from $957.41million in 2013 to over $1.1 billion in 2014 and that its Net Income increased from $8.28 million in 2013 to $135.20 million in 2014.
On October 29, 2015, Foresight Energy LP announced that its Senior Vice President and Chief Financial Officer, Oscar Martinez, will resign on November 13, 2015. Foresight Energy LP also announced its third quarter 2015 results. Shares of Foresight Energy LP (NYSE:FELP) declined to as low as $5.08 per share on October 29, 2015, respectively $4.33 per share on November 25, 2015.
On November 27, 2015 NYSE:FELP shares closed at $4.36 per share.
Those who purchased shares of Foresight Energy LP (NYSE:FELP) 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