Drummond, Peabody End Contract Suit Over VP Defection

Law360, New York (November 4, 2011, 10:07 PM EDT) -- Drummond Co. Inc. and Peabody Energy Corp. ended a suit Friday in New York federal court accusing Peabody of luring its rival's employee in violation of a nondisclosure agreement between the two coal companies containing confidential information about Drummond's Colombian assets.

U.S. District Judge Jed S. Rakoff approved a joint stipulation for dismissal of Drummond's complaint with prejudice, ending the breach of contract suit between the two mining companies.

The case began in July, when Alabama-based Drummond and its subsidiary Drummond Ltd. accused Peabody of soliciting...
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