September 27, 2013
A West Virginia federal judge on Friday dismissed a lawsuit by retired coal miners accusing Peabody Energy Corp. and Arch Coal Inc. of trying to avoid retirement liabilities by spinning off the miners' pension plans to now-bankrupt Patriot Coal Corp., saying the Employee Retirement and Income Securities Act doesn't protect a pension fund's financial stability.
October 24, 2012
Peabody Energy Corp. and Arch Coal Inc. can't avoid their retirement obligations to 10,000 retired workers just because they spun off their pension plans to now-bankrupt Patriot Coal Corp., the United Mine Workers of America alleged in a class action filed Tuesday in West Virginia federal court.