Law Offices of Howard G. Smith Announces Lead Plaintiff Deadline in the Class Action Lawsuit against Patriot Coal Corporation

  Law Offices of Howard G. Smith Announces Lead Plaintiff Deadline in the
  Class Action Lawsuit against Patriot Coal Corporation

Business Wire

BENSALEM, Pa. -- November 12, 2012

Law Offices of Howard G. Smith announces that shareholders of Patriot Coal
Corporation (“Patriot Coal” or the “Company”) (OTC Markets:PCXCQ) have until
November 21, 2012 to move the Court to serve as lead plaintiff in the
securities fraud class action lawsuit filed in the United States District
Court for the Eastern District of Missouri on behalf of a class (the “Class”)
comprising all purchasers of Patriot Coal securities between October 21, 2010
and July 6, 2012, inclusive (the “Class Period”).

Patriot Coal engages in the mining, production and sale of thermal coal,
primarily to electricity generators in the eastern United States. The
Complaint alleges that the defendants failed to properly account for the costs
associated with court-ordered remediation obligations related to certain of
the Company’s selenium water treatment requirements -- capitalizing these
costs instead of recording them as expenses, thereby overstating the Company’s
financial results. In addition, during the Class Period defendants knew but
concealed from investors the following material adverse information: (i) the
Company’s internal controls over financial reporting were materially
inadequate; (ii) the Company improperly accounted for selenium treatment
facility liabilities at its mines; (iii) the Company’s reported financial
results were overstated and were not presented in conformity with GAAP; (iv)
the Company’s business health was weakening; and (v) as a result of the
foregoing, the Company would not survive as a going concern.

If you are a member of the Class described above, you have certain rights, and
have until November 21, 2012 to move for lead plaintiff status. To be a member
of the class you need not take any action at this time, or may retain counsel
of your choice. If you wish to discuss this action or learn more concerning
your rights or interests with respect to these matters, please contact Howard
G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite
112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at
(888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our
website at http://www.howardsmithlaw.com.

Contact:

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
 
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