Industrial Metals

Bloomberg 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.

To view the whole Bloomberg report, click here.

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