Duke Must Show Losses In Massey Contract Row: Court

Law360, Los Angeles (January 15, 2013, 4:24 PM EST) -- A Duke Energy Corp. unit must show actual losses in its ongoing fight with Massey Energy Corp. over an allegedly breached coal supply agreement in order to collect damages, a West Virginia federal judge ruled Monday, rejecting a request by Duke for the court to rethink how damages should be calculated in the case.

Monday’s order marks the latest development in a 2011 suit alleging Massey's sales unit intentionally breached a coal-supply contract when coal prices began to rise in an effort to sell the coal...
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.