We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Massey To Pay $220M In Coal Contract Dispute

Law360 (July 3, 2007, 12:00 AM EDT) -- A West Virginia Jury on Monday ordered Coal giant Massey Energy Co. to shell out nearly $220 million to steel company Wheeling-Pittsburgh Steel Corp. for failing to deliver significant quantities of coal.

On Tuesday, Massey said it would appeal the award with the Supreme Court of Appeals of West Virginia, but admitted that the judgment would negatively impact its second-quarter earnings. The company recognized a liability of $16 million associated with the lawsuit.

"We believe we can win a more appropriate and favorable decision on appeal...
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.