Supreme Court refuses Massey Energy appeal of $220M verdict
Dec 01, 2008 | 12:43 PM
| Mick Bowen
The U.S. Supreme Court on Monday declined without comment to hear a Massey Energy Co. appeal of a $220-million jury verdict in favor of Wheeling-Pittsburgh Steel Corp., Wheeling, W.Va.
Wheeling-Pittsburgh accused the Richmond, Va.-based coal miner of breach of contract in 2004 when Massey subsidiary Central West Virginia Energy Co. allegedly began withholding metallurgical coal needed to make coke and forced the steelmaker to buy on the spot market at much higher prices.
In July 2007, a jury in West Virginia sided with Wheeling-Pittsburgh Steel, now owned by Russia's OAO Severstal, and awarded $120 million in compensatory damages and $100 million in punitive damages. ....
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