US Trustee Fights Patriot Shareholders' Committee Bid

By Lisa Uhlman (September 17, 2012, 4:53 PM EDT) -- The U.S. trustee objected Friday to Patriot Coal Corp. shareholders' request for an official committee, saying they failed to show their interests are not being adequately represented or that it's even likely they'll get a meaningful recovery.

U.S. Trustee Tracy Hope Davis objected to the motion by Patriot shareholders CompassPoint Partners LP, Frank Williams and Eric Wagoner for the court to order her to appoint an official committee of equity holders, saying there is nothing to suggest that her initial refusal Aug. 24 to appoint one should be disturbed.

"The size and complexity of this case, the status of the reorganization...

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