Patriot Coal Wants Disclosure From Combative Hedge Funds

Law360, Chicago (April 17, 2013, 3:28 PM EDT) -- Patriot Coal Corp. on Tuesday pushed two hedge funds to submit a sworn statement detailing their holdings in the bankrupt company’s debt and shedding light on their motives for aggressively intervening in its Chapter 11 case.

Bondholders Aurelius Capital Management LP and Knighthead Capital Management LLC — which have moved to displace Patriot’s management with a Chapter 11 trustee — should not be allowed to participate further in the case until they file the so-called Rule 2019 statement, Patriot said in a motion to compel lodged...
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