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Mealeys

MLex

Alpha Natural Resources, Inc.

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Case overview

Case Number:

3:15-bk-33896

Court:

Virginia Eastern

Nature of Suit:

Firms

Companies

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Sectors & Industries:

  1. June 27, 2016

    US Challenges Releases In Alpha Natural Ch. 11 Plan

    A government bankruptcy watchdog filed an objection Monday challenging liability releases included in Alpha Natural Resources' proposed reorganization plan, saying the plan would improperly shield attorneys and other professionals from legal action even if they act negligently.

  2. June 20, 2016

    Alpha's Ch. 11 Plan Lacks Enviro Protections, Feds Say

    The U.S. government filed an objection in Virginia bankruptcy court Monday to an attempt by Alpha Natural Resources Inc. to assign its federal land leases to a buyer as part of its Chapter 11 reorganization, saying it would not approve the transfer until environmental costs are covered.

  3. May 20, 2016

    Regulators Say Alpha Ch. 11 Lacks Enviro Compliance Plan

    Federal and state regulators filed objections on Friday in Alpha Natural Resources' Chapter 11 bankruptcy, telling a Virginia bankruptcy court the proposed plan can't go forward without assurances the coal producer's new owner will live up to environmental laws and obligations.

  4. April 13, 2016

    Rice Energy Puts Up $200M For Alpha Gas Properties

    Pennsylvania-based driller Rice Energy Inc. on Tuesday said that it has submitted a $200 million stalking horse bid for natural gas properties in the Marcellus and Utica Shales owned by bankrupt coal producer Alpha Natural Resources Inc., and plans to fund the purchase through a $488 million stock offering.

  5. March 08, 2016

    Alpha Aims To Dig Out Of Debt By June With Ch. 11 Plan

    Alpha Natural Resources said Tuesday that it has submitted a restructuring plan centered around the proposed sale of coal mines and other core assets for at least $500 million, a proposal that the heavily indebted company said provides a path to resolving creditor claims and exiting bankruptcy by the end of June.

  6. December 11, 2015

    Equity Committee For Alpha A Pointless Ask, US Trustee Says

    Bankrupt mining conglomerate Alpha Natural Resources Inc.'s equity holders shouldn't get an official committee in the company's bankruptcy, the U.S. trustee in the case said on Thursday, arguing that there is "no realistic possibility" they'll get any money back.

  7. November 05, 2015

    Alpha Gets Nod To Sell Idle Mines Despite Creditor Protests

    A Virginia bankruptcy judge on Thursday approved Alpha Natural Resources Inc.'s plans to sell more than a dozen inactive Appalachian mines, giving the go-ahead to a January auction over the objections of numerous creditors who criticized the sale plans.

  8. November 03, 2015

    Alpha's Mine Sale Plan Draws Creditor Protests In Ch. 11

    Alpha Natural Resources' plans to sell 16 Appalachian mines have drawn multiple creditor objections in the bankruptcy court overseeing Alpha's restructuring, including one from a union that claims the sale blueprint brushes aside obligations to retirees.

  9. August 07, 2015

    Wyo. Girds For $411M Fight With Bankrupt Miner

    Wyoming's attorney general is mulling how to collect a $411 million mine-cleanup bill owed by the now-bankrupt coal mining giant Alpha Natural Resources Inc., a bill likely to be pushed to the bottom of the claims pile because of the nature of a self-bonding program, according to a lawyer involved in the dispute.

  10. August 05, 2015

    Coal Miner Alpha Gets Interim OK On $600M DIP Package

    A Virginia bankruptcy judge allowed Alpha Natural Resources to tap a portion of its nearly $600 million debtor-in-possession financing package Tuesday, kicking off the Chapter 11 case for one of the country's largest coal producers, which sought court protection amid sharp downturns in coal prices.