Massey Energy Company - Securities Class Action

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Massey Energy Company Summary: According to the press release dated April 29, 2010, the complaint charges Massey and certain of its officers and directors with violations of the Securities Exchange Act of 1934. Massey produces, processes, and sells bituminous coal extracted from 56 mines in West Virginia, Kentucky and Virginia, and claims to be the largest coal company in Central Appalachia.

Specifically, the complaint alleges that prior to and during the Class Period, Massey claimed to be one of the safest mine operators in the industry, regularly touting its safety achievements and telling investors that safety was its number one priority. In fact, safety at Massey’s mines was repeatedly sacrificed so that aggressive production goals could be met, and Massey had received numerous undisclosed citations arising from serious uncorrected safety and other regulatory violations. Then, on April 5, 2010, an explosion at the Upper Big Branch mine near Montcoal, West Virginia, revealed the falsity of Massey’s repeated representations about the safety of its mining operations when twenty-nine miners lost their lives in the deadliest U.S. mine accident in nearly 40 years. In the days following the tragedy, hundreds of incidents of uncorrected safety violations at Massey’s operations came to light. The price of Massey common stock plunged following the explosion and subsequent revelations regarding Massey’s safety violations. On April 21, 2010, eight Massey mines were the target of surprise inspections by federal mine safety officials. Then, after the market closed, Massey announced its first quarter earnings and told investors that it would take up to $150 million in charges in the second quarter to account for the potential costs and liabilities associated with the Upper Big Branch tragedy. On these events, and despite the fact that the Company’s first quarter earnings had purportedly beat the Street by $0.11 per share, Massey’s stock fell to as low as $41.30 per share on April 22, 2010 before closing at $42.93 per share.

On January 10, 2011, Judge Irene C. Berger consolidated several actions under lead case, "IN RE MASSEY ENERGY CO. SECURITIES LITIGATION, Civil Action No. 5:10-cv-00689." Further, according to the Order, Massachusetts PRIT is appointed as Lead Plaintiff in the Consolidated Action, and Labaton Sucharow LLP and Robbins Geller Rudman & Dowd LLP are approved as Co-Lead Counsel and James F. Humphreys & Associates, L.C. is approved as Liaison Counsel for the Class. On March 11, 2011, the lead plaintiff filed a Consolidated Amended Class Action Complaint. The defendants responded by filing motions to dismiss on April 25, 2011.

INDUSTRY CLASSIFICATION:
SIC Code: 1221
Sector: Energy
Industry: Coal

COMPANY/ISSUER NAME:	Massey Energy Company
COMPANY/ISSUER TICKER:	MEE
COMPANY WEBSITE:	http://www.masseyenergyco.com

FIRST IDENTIFIED COMPLAINT IN THE DATABASE

Macomb Country Employee's Retirement System, et al. v. Massey Energy Company, et al.

COURT: S.D. West Virginia	DOCKET NUMBER: 10-CV-00689
JUDGE NAME: Hon. Irene C. Berger
DATE FILED: 04/29/2010	SOURCE:
CLASS PERIOD START: 04/28/2009	CLASS PERIOD END: 04/21/2010
TYPE OF COMPLAINT: Complaint (Unamended and Unconsolidated)
PLAINTIFF FIRMS NAMED IN COMPLAINT:
John F. Dascoli 2442 Kanawha Boulevard, East, Charleston, WV, 25311 (voice) 304.720.8684, (fax) 304.720.8684, Robbins Geller Rudman & Dowd LLP (San Diego) 655 West Broadway, Suite 1900, San Diego, CA, 92101 (voice) 619.231.1058, (fax) 619.231.7423, Robbins Geller Rudman & Dowd LLP (San Francisco) 100 Pine Street, Suite 2600, San Francisco, CA, 94111 (voice) 415.288.4545, (fax) 415.288.4534, VanOverbeke Michaud & Timmony, P.C. 79 Alfred Street, Detroit, MI, 48201 (voice) 313.578.1200, (fax) 313.578.1200, _____________________________________________ TOTAL NUMBER OF PLAINTIFF FIRMS: 4

DOCUMENTS FOR THE FIRST IDENTIFIED COMPLAINT
Class Action Complaint for Violation of the Federal Securities Laws - Demand for Jury Trial
Type: Complaint		Date on the document: 04/29/2010
Withdrawal Of Motion Of The MEE Investor Group To Consolidate Related Actions; To Be Appointed Lead Plaintiff, And To Approve Proposed Lead Plaintiff’s Choice Of Counsel
Type: Other		Date on the document: 07/14/2010
Order
Type: Order		Date on the document: 07/16/2010
Order Consolidating the Actions, Appointing Lead Plaintiff, and Approving Selection of Lead Counsel
Type: Order Appointing LP/LC		Date on the document: 01/10/2011

REFERENCE COMPLAINT

In Re: Massey Energy Company Securities Litigation

COURT: S.D. West Virginia	DOCKET NUMBER: 10-CV-00689
JUDGE NAME:
DATE FILED: 03/11/2011	SOURCE:
CLASS PERIOD START: 02/01/2008	CLASS PERIOD END: 07/27/2010
TYPE OF COMPLAINT: Consolidated Complaint
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Labaton Sucharow LLP 140 Broadway, New York, NY, 10005 (voice) 212.907.0700, (fax) 212.818.0477, info@labaton.com Robbins Geller Rudman & Dowd LLP (Boca Raton) 120 East Palmetto Park Road, Suite 500, Boca Raton, FL, 33432 (voice) 561.750.3000, (fax) 561.750.3364, _____________________________________________ TOTAL NUMBER OF PLAINTIFF FIRMS: 2

DOCUMENTS FOR THE REFERENCE COMPLAINT
Consolidated Amended Class Action Complaint for Violations of the Federal Securities Laws
Type: Complaint		Date on the document: 03/11/2011
Order
Type: Order		Date on the document: 03/18/2011
U.S. District Court Civil Docket
Type: Docket		Date on the document: 09/28/2011

OTHER DOCUMENTS
Complaint For Violation Of The Federal Securities Laws
Case Name and/or Number: Firefighters' Retirement System of Louisiana, et al. v. Massey Energy Company, et al.
Type: Complaint		Date on the document: 05/28/2010

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