Blackjewel Coal Contends Ex-CEO Stripped Millions From Co.

Law360 (January 13, 2020, 6:10 PM EST) -- Bankrupt coal mining company Blackjewel LLC and its unsecured creditors committee filed a motion in West Virginia bankruptcy court accusing the company's ex-CEO of stripping tens of millions of dollars from the struggling company's assets for himself and his family.

The company and the committee on Thursday asked the court's permission to probe what it said were possibly "hundreds" of "questionable" transactions, saying former CEO Jeff Hoops Sr. had engaged in a "years-long" effort to transfer cash and assets to himself and his relatives as the company went under.

"Throughout Hoops' involvement with the debtors and despite the various fiduciary obligations he owed,...

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!


Attached Documents

Related Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only


Subscribers Only

Nature of Suit

Subscribers Only


Subscribers Only

Date Filed

Subscribers Only

Law Firms

Government Agencies