Patriot Coal Sues Peabody Over $145M Retiree Obligations

Law360, New York (October 20, 2015, 7:25 PM EDT) -- Patriot Coal and its union filed a lawsuit Monday in Virginia bankruptcy court that accuses its former parent company, Peabody Energy Corp., of attempting to skirt approximately $145 million in retiree payment 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 dogged by accusations that it spun off some of its subsidiaries — which later combined...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!