Patriot Coal Bondholders Demand Appointment Of Trustee

Law360, New York (March 29, 2013, 3:09 PM EDT) -- Two bondholders on Thursday urged a Missouri bankruptcy judge to appoint a trustee in Patriot Coal Corp.’s Chapter 11 case, arguing that the majority of the 99 bankrupt units should not be held hostage by the union obligations of a select few.

Aurelius Capital Management LP and Knighthead Capital Management LLC contend in a court filing that while the overarching dispute in the St. Louis-based coal producer’s bankruptcy case has surrounded employee and retiree benefits for the United Mine Workers of America, only 13 of the...
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