Stoltmann Law Offices is seeking investors who invested with now-bankrupt Patriot Coal Corp, the third-largest coal producer in the eastern U.S., with operations in Central Appalachia, Northern Appalachia, and the Illinois Basin. Low energy prices forced Patriot Coal Corp into Chapter 11 bankruptcy, and now, 18 months later, it filed for bankruptcy protection yet again. The company listed assets and liabilities of more than $1 billion, and also has 1.4 billion tons of proven and probable coal reserves. Other energy companies in similar bankruptcy predictions include: Xinergy Ltd., Dune Energy Inc., BPZ Energy Inc., RAAM Global, Sabine Oil & Gas Corp and Quicksilver Resources Inc. Please contact us if you were recommended Patriot Coal Corp as an investment. We may be able to help you recover some of your money, as the investment recommendation may not have been suitable. Brokers and brokerage firms have a duty to recommend suitable investments, and, if they do not, can be held liable in the arbitration forum for money losses. 312-332-4200.
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