Consol To Pay $75M To Settle Suit Over Va. Mine

Law360, New York (June 1, 2010, 7:11 PM EDT) -- Consol Energy Inc. has reached a $75 million settlement with Yukon Pocahontas Coal Co. and related entities in their lawsuit challenging Consol's right to transfer untreated water from a Virginia mine to nearby mines.

The deal will resolve litigation in the Circuit Court of Buchanan County, Va., and all related legal and environmental proceedings, including several arbitration proceedings, Consol said in a filing Tuesday with the U.S. Securities and Exchange Commission.

Consol said it would pay Yukon and co-plaintiffs Buchanan Coal Co. and Sayers-Pocahontas Coal Co....
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