Patriot Shareholders Ask For Ch. 11 Equity Committee

Law360, New York (August 27, 2012, 4:09 PM EDT) -- Patriot Coal Corp. shareholders asked a New York bankruptcy judge Monday to appoint an equity holders committee in the case, saying there should be significant recovery for equity but that shareholders must have a voice in the case to protect their rights.

Common stock holders CompassPoint Partners LP, Frank Williams and Eric Wagoner submitted the motion asking U.S. Bankruptcy Judge Shelley C. Chapman to direct the U.S. trustee to appoint an official committee of equity securities holders in order to “ensure the integrity of the bankruptcy...
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