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Pebaody Energy Wants Patriot Coal Case over Retiree Benefits Dismissed
Apr. 16, 2013 10:20AM PST
Industrial MetalsBloomberg reported that Peabody Energy is seeking to have a lawsuit from Patriot Coal over retiree obligations dismissed.
Bloomberg reported that Peabody Energy is seeking to have a lawsuit from Patriot Coal over retiree obligations dismissed.
As quoted in the market report:
Under a contract, Peabody has funded part of Patriot’s health-care expenses for specified retirees since the spinoff. Patriot said that if it succeeds in reducing its obligations to retirees under a pending motion to reject an agreement with the United Mine Workers of America, Peabody shouldn’t be able to get out of its own obligations.
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