Patriot, Creditors Want More Docs On Peabody's Spinoff

Law360, New York (April 2, 2013, 9:11 PM EDT) -- Patriot Coal Corp. and its unsecured creditors on Tuesday honed in on Patriot's former parent Peabody Energy Corp. to seek additional documents as part of their inquiry into whether Peabody's 2007 mine spinoff that created the now-bankrupt coal company had fraudulently pawned its liabilities off on Patriot.

In a motion filed in Missouri bankruptcy court, Patriot and its official committee of unsecured creditors sought to carry out discovery against Peabody, saying if the spinoff was indeed found to amount to a fraudulent transfer, they could obtain...
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