July 30, 2014
Labaton Sucharow LLP attorneys struck a deal with federal prosecutors to allow discovery in their securities fraud case alleging Massey Energy Co. misrepresented its poor safety record leading up to the worst U.S. mining disaster in 40 years, providing the leverage needed to reach a $265 million settlement for plaintiffs led by a pension fund last year.
December 09, 2013
The parent of Massey Energy Co. agreed to pay $265 million to settle a class action alleging Massey misrepresented its safety record to inflate stock prices, which plummeted following the worst U.S. mining disaster in more than 40 years, Massachusetts officials announced Monday.
March 29, 2012
Massey Energy Co. must face a proposed class action alleging it concealed a deeply flawed safety record from investors before an explosion at a West Virginia coal mine killed 29 workers, a federal judge ruled Tuesday.
September 28, 2011
Plaintiffs in a proposed securities class action against Massey Energy Co. won the right Wednesday in West Virginia to commence discovery of the catastrophic Upper Big Branch mine disaster, over the objections of the coal mining company's former officers and directors.
March 03, 2011
The federal government asked a West Virginia court on Thursday to stay all discovery in a proposed securities class action against Massey Energy Co. until the completion of related criminal proceedings.