Branham Law, LLP investigates Patriot Coal Corporation's Board of Directors for Possible Fiduciary Duty Breaches
DALLAS, May 24, 2012 /PRNewswire/ -- Branham Law, LLP, a Dallas, Texas law firm, is investigating Patriot Coal Corp. (NYSE: PCX) over concerns about mismanagement which caused the stock to drop more than 35% on concerns that the company may seek bankruptcy protection. The concerns are centered around the company's inability to meet its financing needs. As an apparent result of these concerns, Standard & Poor's Rating Services lowered its ratings for the coal company into junk status.
"We are very concerned about how this company's finances have gotten to this point," said Trey Branham, Managing Partner of the Branham Law, LLP. If you currently own Patriot Coal stock or have information relating to the facts surrounding the company or would like more information on your rights as a shareholder, please contact Branham Law, LLP immediately at [email protected] or 1-855-722-5910.
Charles W. "Trey" Branham, III
Branham Law, LLP
3900 Elm Street
Dallas, Texas 75226
(855) 722-5910
branham-law.com
SOURCE Branham Law, LLP
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