Documents suggest $12 million executive bonuses “deal” was made as the company severed its union contract and went after retiree benefits.
Justice Department lawyers claim that plans revealed in Alpha Natural Resources bankruptcy proceedings show the company is headed for a Chapter 7 ‘liquidation’ not a Chapter 11 ‘reorganization’.
Wyoming coal company Peabody Energy files bankruptcy
GILLETTE — Rumors about the coal industry are common in northeast Wyoming where strip mining provides 5,000 direct jobs and supports about three times that in the mine services sector. But when Arch Coal filed for Chapter 11 bankruptcy in
Wyoming residents should insist that elected leaders support laid off miners, not the executives and boards of directors who wrecked coal company finances.