Patriot Coal Sues Peabody Over $145M Retiree Obligations
The lawsuit seeks a judgment that Peabody must make two $75 million payments in 2016 and 2017 to satisfy its obligations to retirees under a collective bargaining agreement with the United Mine Workers of America.
The retiree payments played a substantial role in Patriot Coal's previous bankruptcy in 2012. Peabody has long been...
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