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Patriot Coal Corporation
Case Number:
1:12-bk-12900
Court:
Nature of Suit:
Firms
Companies
Sectors & Industries:
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August 29, 2012
Patriot Coal Was Set Up To Fail, Union Leader Says
The head of the United Mine Workers of America International on Tuesday accused former Patriot Coal Corp. parent Arch Coal of dooming the company for bankruptcy in a 2005 spinoff that saddled it with long-term liabilities it couldn't sustain.
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August 28, 2012
Patriot Coal Bucks Bids By Union, Trustee To Move Ch. 11 Case
Patriot Coal Corp. objected Monday to motions by its union and the U.S. trustee to have its bankruptcy transferred from New York's Southern District, saying they don't make the compelling case necessary to surmount the substantial deference to the debtor's choice of venue.
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August 27, 2012
Patriot Shareholders Ask For Ch. 11 Equity Committee
Patriot Coal Corp. shareholders asked a New York bankruptcy judge Monday to appoint an equity holders committee in the case, saying there should be significant recovery for equity but that shareholders must have a voice in the case to protect their rights.
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August 02, 2012
Patriot Coal To Get Final Access To $802M Loan
A New York bankruptcy judge is set to give final approval to Patriot Coal Corp.'s $802 million debtor-in-possession loan based on an agreement reached with lenders during a Thursday hearing that includes an interest rate reduction of 25 basis points.
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July 20, 2012
Labor Union Wants Patriot Coal Ch. 11 Moved To W.Va.
The lone union representing Patriot Coal Corp.'s employees asked a New York federal judge on Thursday to transfer the coal producer's bankruptcy case to West Virginia, citing the company's tenuous links to the Empire State and the convenience of stakeholders.
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July 16, 2012
Patriot Coal's Remaining 1st-Day Motions Granted In Ch. 11
An attorney for Patriot Coal Corp. on Monday described a company that buckled under climbing labor costs as coal demand and prices dropped, with a New York bankruptcy judge approving several motions carried over from the first-day hearing in the debtor's Chapter 11 case.
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July 10, 2012
Patriot Coal Scores Interim Access To $802M DIP Loan
A New York bankruptcy judge on Thursday "reluctantly" let Patriot Coal Corp. tap into $677 million of an $802 million loan early in its bankruptcy, taking issue with a $302 million chunk he said the debtor and its lenders failed to show was necessary.
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