Coal Co. Objects To CDX Gas Disclosure Statement

Law360, New York (July 1, 2009, 12:00 AM EDT) -- A major producer of coal in northern and central Appalachia has objected to CDX Gas LLC's latest disclosure statement, claiming the bankrupt Houston-based natural gas exploration company has not made it clear how certain contracts will be treated.

The objection, filed Tuesday by International Coal Group Inc. and subsidiary CoalQuest Development LLC in the U.S. Bankruptcy Court for the Southern District of Texas, calls the debtors' planned use of exit financing "vague" as it relates to several contracts.

The contracts at issue include an operating agreement...
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