Warrior Met Coal, Inc. (HCC)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Warrior Met Coal, Inc. ("Warrior" or the "Company") (NYSE: HCC). The investigation concerns whether Warrior and certain of its officers and/or directors have violated federal securities laws.
On February 24, 2021, post-market, Warrior issued a press release announcing its fourth quarter and full year 2020 financial results, among other results, Warrior reported a larger-than-expected fourth quarter net loss of $33.7 million, or $0.66per diluted share. The press release further stated that "[d]ue to ongoing uncertainty related to the COVID-19 pandemic, the Chinese ban on Australian coal and other potentially disruptive factors, Warrior will not be providing full year 2021 guidance at this time." Citing its "short-term focus of preserving cash and liquidity[,]" Warrior further advised investors that its "Stock Repurchase Program also remains temporarily suspended." Following this news, Warrior's stock price fell $5.79 per share, or 22.59%, to close at $19.84per share on February 25, 2021.
If you are aware of any facts relating to this investigation, or purchased Warrior shares, you can assist this investigation by visiting contacting the firm. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.