Patriot Coal Gets Green Light To Solicit Ch. 11 Plan Votes

Law360, New York (November 7, 2013, 7:54 PM EST) -- Patriot Coal Corp. on Wednesday received a Missouri bankruptcy judge’s approval to solicit votes from creditors for its proposed reorganization plan, a significant milestone in the energy company’s oftentimes messy restructuring process.

U.S. Bankruptcy Judge Kathy Surratt-States’ blessing of Patriot Coal’s disclosure statement puts it on a path to exit bankruptcy by the end of the year. The company spent many months battling with union members and retirees over the treatment of their benefits under the restructuring, but the warring sides made peace this summer....
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