11-state lawsuit accuses top investment firms of manipulating energy market against coal power [FOX Business Network]
Peabody Energy Corporation (BTU)
Last peabody energy corporation earnings: 4/29 08:00 am
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Source: FOX Business Network
Major energy producers Texas and West Virginia are leading nine other states in an antitrust lawsuit against BlackRock, State Street and Vanguard, alleging they leveraged their voting shares to facilitate an "output reduction scheme, which has artificially constrained the supply of coal …" The investment titans allegedly "significantly diminished competition in the markets for coal, increased energy prices for American consumers, and produced cartel-level profits for [defendant states]," according to the filing lodged in Texas federal court. They alleged their behavior in regard to shares of coal producing firms violated Sections I & VII of the Clayton Act of 1914. The law, drafted by former Rep. Henry Clayton, D-Ala., governs unfair business practices, including price-fixing as well as organized labor protections. "Defendants are three of the largest institutional investors in the world," the filing, obtained by Fox News Digital, reads. "Each defendant has individually acqui
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BTU
News
- Peabody Energy Corporation (BTU): A Bull Case Theory [Yahoo! Finance]Yahoo! Finance
- Peabody Announces First Coal Shipment from Centurion Mine [Yahoo! Finance]Yahoo! Finance
- Peabody Announces First Coal Shipment from Centurion MinePR Newswire
- Peabody Announces First Coal Shipment from Centurion MinePR Newswire
- Peabody Energy Co. (NYSE: BTU) was upgraded by analysts at BMO Capital Markets from a "market perform" rating to an "outperform" rating. They now have a $26.00 price target on the stock.MarketBeat
BTU
Earnings
- 10/31/24 - Beat
BTU
Sec Filings
- 12/6/24 - Form 4
- 12/6/24 - Form 4
- 12/6/24 - Form 4
- BTU's page on the SEC website