NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky, LLP is investigating Peabody Energy Corporation (NYSE:BTU) in connection with possible violations of federal securities laws.
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The investigation concerns a story published on Reuters on June 30, 2015, in which it was reported that the U.S. Department of the Interior is examining Peabody Energy’s eligibility for self-bonding, a government program that gives coal companies a discount on the costs of insuring their clean-ups in case of bankruptcy. Upon Reuters’ review, Peabody Energy failed to meet federal self-bonding criteria with respect to net worth, current assets and total liabilities at the end of 2014. Upon this news, shares of Peabody Energy fell almost 17 percent.
If you own common stock in Peabody Energy and wish to obtain additional information, please contact Eduard Korsinsky, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/peabody-btu.
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