Foresight Energy LP (NYSE:FELP) Investor Investigation Concerning Potential Securities Laws Violations Announced

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Company Name(s): 
Foresight Energy
Affected Securities: 

October 30, 2015 (Shareholders Foundation) - An investigation on behalf of investors of Foresight Energy LP (NYSE:FELP) shares over potential securities laws violations by Foresight Energy and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Foresight Energy LP (NYSE:FELP) concerning whether a series of statements by Foresight Energy LP regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Shares of Foresight Energy LP (NYSE:FELP) reached as high as $20.44 per share in early July 2014.

Foresight Energy LP reported that its annual Total Revenue rose from $957.41million in 2013 to over $1.1 billion in 2014 and that its Net Income increased from $8.28 million in 2013 to $135.20 million in 2014.

On October 29, 2015, Foresight Energy LP announced that its Senior Vice President and Chief Financial Officer, Oscar Martinez, will resign on November 13, 2015. Foresight Energy LP also announced its third quarter 2015 results.

Shares of Foresight Energy LP (NYSE:FELP) declined to as low as $5.08 per share on October 29, 2015.