BIRMINGHAM, Ala., Jan. 30, 2012 (GLOBE NEWSWIRE) -- Burke Harvey & Frankowski, LLC announces that it is investigating potential breaches of fiduciary duty by certain officers and directors of Walter Energy Inc. ("Walter Energy" or the "Company"). On January 26, 2012, a shareholder filed a class action lawsuit in the Northern District of Alabama alleging that Walter Energy violated the federal securities laws between April 20, 2011 and September 21, 2011 (the "Class Period"). The lawsuit alleges, among other things, that the Company knew but failed to timely disclose that its business was deteriorating and, according to the complaint, Walter Energy overstated its earning capacity during the Class Period.
Burke Harvey & Frankowski, LLC's investigation seeks to determine if the allegations contained in the class action complaint also give rise to separate claims for breaches of fiduciary duty.
If you have continuously held shares since at least April 20, 2011, and plan to continue to hold at least some shares of WLT, and would like to discuss your legal rights, you may contact Peter H. Burke, Esq. via email at pburke@bhflegal.com or via toll-free telephone at (888) 930-9091.
Burke Harvey & Frankowski, LLC, LLC is a Birmingham, Alabama law firm that among other things dedicates its practice to representation of shareholders and investors in litigation, including shareholder class action and derivative litigation. More information about the firm is available through its website, www.bhflegal.com and upon request from the firm. Burke Harvey & Frankowski, LLC has paid for the dissemination of this promotional communication, and Peter H. Burke is the attorney responsible for its content.
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