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Peabody Energy Files Bankruptcy - Palm Beach Law Firm Investigates Arbitration Claims Nationwide

|Includes: Peabody Energy Corp. (BTU)

The securities arbitration and investment litigation lawyers at Ciklin Lubitz & O'Connell are currently investigating cases relating to investments in, St. Louis based Peabody Energy ("Peabody") (Ticker Symbol: BTU), one of the nation's largest coal companies. On April 13, Peabody announced it filed for Chapter 11 Bankruptcy. Peabody stated that its goal is to strengthen its liquidity situation and reduce debt in what the company called "an unprecedented industry downturn," which it blamed on the dramatic price reduction in metallurgical coal, weakness in the Chinese economy, overproduction of domestic shale gas and ongoing regulatory changes. While Peabody expects its operations to generally continue, the principal value as well as any interest or dividend income stream that retail investors relied upon may be all but wiped out, or at least significantly disrupted.

Peabody's demise follows similar companies in the same industry and sector including Arch Coal's January 11, 2016, bankruptcy filing. Many industry experts believe that more companies are likely to follow this path. The energy sector as a whole, and in particular the oil, gas and coal industries have come under intense market pressure recently, and many companies have been severely impacted since the price of oil's drastic price decline since 2014. If you have incurred losses or if your financial advisor or his/her firm failed to disclose the potential risks associated with your investments in Peabody or Arch Coal, or any other similarly situated company in the oil, gas, coal and/or energy sectors, please call our offices immediately. A number of financial services firms provided analyst coverage on these companies and many financial advisors recommended these investments to their clients, including, but not limited to, Barclays Capital, Sterne Agee, BB&T Capital Markets, Jeffries, JP Morgan, Morgan Stanley, FBR Capital, Deutsch Bank, Credit Suisse, RBC Capital Markets, Stifel, UBS and Wells Fargo.

If your broker or investment advisor recommended investing in Peabody or Arch Coal, or any other similarly situated company linked to the oil, gas, coal, or the energy sector, please contact us immediately for a no-cost case evaluation. Oil, gas, coal and other energy companies, including Master Limited Partnerships (NYSEARCA:MLPS), currently being investigated by our law firm include (but are not limited to):

  • Atlas Partners
  • Linn Energy
  • Sun Energy
  • Alpha Natural Resources
  • Alliance Resource Partners
  • Cloud Peak Energy
  • Natural Resource Partners
  • Seadrill
  • Sandridge Energy
  • Swift Energy
  • Chesapeake Energy
  • Transocean

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.