Suit Over Alpha's $7B Massey Buy Returns To State Court

Law360, New York (November 6, 2012, 3:06 PM EST) -- A West Virginia federal judge on Monday sent a shareholder class action contesting Alpha Natural Resources Inc.’s $7.1 billion purchase of Massey Energy Co. back to state court, saying federal securities suits filed in state court cannot be heard by federal judges.

The move comes almost three months after Alpha removed the case to federal court. Shortly after the switch, lead plaintiff Olivia Niitsoo asked U.S. District Judge Joseph R. Goodwin to put the suit back in the Circuit Court of Boone County, where she originally...
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