Key Developments: James River Coal Co (JRCC.O)
Latest Key Developments (Source: Significant Developments)
Securities Arbitration Law Firm of Klayman & Toskes Launches Investigation on Behalf of James River Coal Co
The Securities Arbitration Law Firm of Klayman & Toskes, P.A. (K&T) announced that it is investigating claims on behalf of James River Coal Co shareholders who sustained investment losses due to an over-concentration of shares in James River Coal Co. stock. Since mid-2008, the price of James River Coal Co. dropped from about $59 per share and is currently trading at about $3.25 per share, representing a decline of approximately 95%. As a result of this decline, James River Coal Co. shareholders who held large concentrated stock positions in James River Coal Co. have sustained substantial losses. Full Article
March 7 - James River Coal Co said it slashed production and cut jobs over the past few months to cope with weak demand and rising costs, but analysts reckon the company might still run out of cash in a few quarters if demand does not pick up.