Federman & Sherwood announces that a securities class action lawsuit has been filed against Walter Energy, Inc. (NYSE: WLT)

Oklahoma City, OK (January 27, 2012) -- On January 26, 2012, a class action lawsuit was filed in the United States District Court for the Northern District of Alabama against Walter Energy, Inc. (NYSE: WLT). The complaint alleges violations of federal securities laws, Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, including allegations of issuing a series of material or false misrepresentations to the market which had the effect of artificially inflating the market price during the Class Period, which is April 20, 2011 through September 21, 2011. More specifically, this litigation was filed because Company Officers continued to make positive forward-looking statements during the class period, when in actuality, Walter Energy was experiencing lower coal production and sales prices, adversely affecting margins and profitability.

Plaintiff seeks to recover damages on behalf of all Walter Energy, Inc. shareholders who purchased common stock during the Class Period and are therefore a member of the Class as described above. You may move the Court no later than Monday, March 26, 2012 to serve as a lead plaintiff for the entire Class. However, in order to do so, you must meet certain legal requirements pursuant to the Private Securities Litigation Reform Act of 1995.

To join this class action, click here to obtain an investor certification. Once complete, please email this form to kln@federmanlaw.com, fax to us at (405) 239-2112 or send by regular mail to Federman & Sherwood, 10205 North Pennsylvania Avenue, Oklahoma City, OK 73120, ATTN: Lynn.