June 22, 2015 - The U.S. Court of Appeals for the Eighth Circuit affirmed the District Courts decision.
April 14, 2014 - The lead plaintiffs filed a notice of appeal.

March 18, 2014 - The court granted defendants' motion to dismiss.

May 20, 2013 - Defendants filed a motion to dismiss.

March 18, 2013 - The lead plaintiffs filed an amended consolidated complaint on behalf of investors who purchased Patriot Coal Corporation (OTC: PCXCQ) common shares between October 21, 2010 and July 9, 2012. The lead plaintiffs allege that the defendants violated the Securities Exchange Act of 1934 by issuing false and misleading statements between October 21, 2010 and July 9, 2012.

January 16, 2013 - Lead plaintiff and lead counsel were appointed.

January 4, 2013 - All cases were consolidated.

December 3, 2012 - Another lead plaintiff motion was filed.

November 21, 2012 - Lead plaintiff motions were filed.

September 21, 2012 - An investor in shares of Patriot Coal Corporation (OTC: PCXCQ) filed a lawsuit in the U.S. District Court for the Eastern District of Missouri against certain officers of Patriot Coal Corporation over alleged securities laws violations.

According to the complaint the plaintiff alleges on behalf of purchasers of Patriot Coal Corporation (OTC: PCXCQ) shares between October 21, 2010 and July 6, 2012, that certain of Patriot Coal Corporation's officers issued between October 21, 2010 and July 6, 2012 materially false and misleading statements regarding the Company's business prospects.

Patriot Coal Corporation (OTC: PCXCQ) reported that its annual Revenue increased from over $1.63 billion in 2008 to over $2.37 billion in 2011. However, its Net Income of $142.73 million in 2008 fell to a Net Loss of $139.13 million in 2011.

Specifically, the plaintiff alleges that defendants allegedly violated Generally Accepted Accounting Principles and U.S. Securities and Exchange Commission ( SEC ) rules by failing to properly account for costs associated with Court-ordered remediation obligations related to the Company's selenium water treatment requirements. In particular, so the plaintiff, defendants improperly capitalized these costs instead of recording them as expenses, thereby overstating the Company's financial results.

Furthermore, so the lawsuit, the defendants were also making allegedly false and misleading statements about Patriot Coal’s business health and continuing prospects. In particular, so the plaintiff, the defendants continuously touted that Patriot Coal’s operations are performing well and that the Company is positioned for future growth.

However, in July 2012, Patriot Coal Corporation and substantially all of its wholly owned subsidiaries filed voluntary petitions for reorganization under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern District of New York.