28 days left to seek lead plaintiff status
Case Summary
Company Name Peabody Energy Corporation
Stock Symbol BTU
Class Period April 3, 2017 to October 28, 2019
Motion Deadline November 27, 2020

The Thornton Law Firm announces that a class action lawsuit has been filed on behalf of investors of Peabody Energy Corporation (NYSE: BTU). Investors who purchased BTU common stock or other securities between April 3, 2017 and October 28, 2019 may contact the Thornton Law Firm to obtain a copy of the complaint or to discuss the lead plaintiff process. Interested investors are encouraged to submit their information above. Investors may email investors@tenlaw.com or call 617-531-3917. Interested Peabody investors have until November 27, 2020 to apply to be a lead plaintiff.

The case alleges that Peabody and its executives failed to disclose to investors that the North Goonyella mine was at a heightened risk of shutdown due to the fact that Peabody failed to implement adequate safety controls and follow its own safety procedures. It is alleged that the truth about Peabody’s inadequate safety practices was revealed on September 28, 2018 when a fire erupted at the mine, forcing Peabody to suspend operations indefinitely.  Peabody shares fell $5.54 per share, or 13.4 percent.

The Complaint alleges violations of the federal securities laws on behalf of investors who purchased Peabody common stock during the Class Period. The Private Securities Litigation Reform Act of 1995 allows any investor who purchased the securities at issue in the case during the Class Period to seek appointment as a lead plaintiff in the lawsuit. A lead plaintiff acts on behalf of all other investor class members in managing the class action and can select a law firm of their choice to litigate the lawsuit. Serving as a lead plaintiff does not impact an investor’s share in any potential recovery. Investors do not need to be a lead plaintiff to be a member of the class. If investors choose to take no action, they can remain an absent class member. Interested Peabody investors have until November 27, 2020 to apply to be a lead plaintiff. The class has not yet been certified. Until certification occurs, investors are not represented by an attorney.

Thornton Law Firm's securities attorneys are highly experienced in representing investors in recovering damages caused by violations of the securities laws. Its attorneys have established track records litigating securities cases in courts throughout the country and recovering losses on behalf of investors. This may be considered Attorney Advertising in some jurisdictions. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

A class action lawsuit has been filed on behalf of investors in Peabody Energy Corporation (BTU) securities.

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