Coal Mining Cos. Reach $190M Settlement

Law360 (October 25, 2018, 10:59 PM EDT) -- Mining companies Natural Resource Partners LP and Foresight Energy LP announced Thursday that they have reached a deal to settle lawsuits related to two Illinois coal mines.

The Deer Run Mine near the city of Hillsboro and the Shay Mine in Macoupin County are owned by Texas-based NRP and leased to Missouri-based Foresight Energy.

The announcement Thursday provided scant details on the litigation between the companies other than to say that there were "disputed past due amounts," and that upon execution of final documents, NRP will receive an initial payment of $25 million from Foresight.

"These agreements represent a favorable outcome...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!