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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.