Patriot Coal Seeks Bankruptcy Court OK to Continue Litigation

Patriot Coal is seeking bankruptcy court permission to proceed with breach-of-contract suits the company has filed against two customers who allegedly declined to take recent coal shipments. The suits are not subject to the automatic stay initiated by the bankruptcy proceedings, Patriot argues, but objections to the motion can be filed until Aug. 2. A hearing […]

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Patriot Coal Files for Bankruptcy As Demand for Natural Gas Rises

Patriot Coal Corp. filed for bankruptcy on Monday, and was the first U.S. coal producer to seek court protection since prices began to plummet as electricity producers turned to cheaper natural gas. The Company and nearly 100 affiliates were part of the chapter 11 filing in the U.S. bankruptcy court in Manhattan. Patriot said it had $3.57 […]

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