Massey Brass Imperil Mine Safety, Investors Say

Law360, Wilmington (May 24, 2011, 8:41 PM EDT) -- Massey Energy Co. shareholders who are suing the company to block a $7.1 billion acquisition by Alpha Natural Resources Inc. alleged Tuesday in Delaware state court that the coal giant's lax attitude toward mine safety was fueled in part by top management's conspiracy theories.

Shareholders, including several pension funds, filed suit in April 2010 on behalf of Massey against its board of directors and former CEO Don Blankenship, seeking to hold management responsible for a purported $1 billion decline in the company’s value stemming from an...
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