Can you imagine having the gall to ask your boss for a raise or a bonus following dismal performance? Well you’re clearly not a fat cat executive like those who work for Peabody Energy Corp. (“Peabody”), or like many of the other fat cats that have had their hands out seeking similar windfalls from other bankrupt oil, gas, coal and energy companies.
On Wednesday, August 3, 2016, Peabody asked a judge to allow the company to pay approximately $12 million in bonuses to six of its executives as the company aims to reach performance targets associated with its debt restructuring efforts following its April 2016 Chapter 11 Bankruptcy filing.
Offended? We trust that you are and we are here to help you determine whether we can help you recovery your investment losses. The Securities Arbitration and Investment Litigation Lawyers at the Silver Law Group, Law Office of David Chase, LLC and Ciklin Lubitz & O’Connell (www.oilgasfinraarbitration.com) are currently investigating cases relating to investments in Peabody, as well as many other similarly-fated oil, gas, coal and energy producing companies, such as Alpha Natural Resources, Arch Coal and Linn Energy – which have all filed for bankruptcy.