Patriot sees venue ruling in Ch. 11 case by end of Nov.
Oct 11, 2012 | 10:15 AM
| Stacy Irish
Tags
Patriot Coal,
Irl Engelhardt,
coal,
metallurgical coal,
bankruptcy protection hearing,
coal mining,
Peabody Energy,
Magnum Coal
Stacy Irish
NEW YORK — Patriot Coal Corp. can expect to learn by the end of November whether its Chapter 11 bankruptcy protection hearing will be allowed to remain in New York.
The company expects a definitive ruling within the next seven weeks, according to an Oct. 3 letter to employees from chairman and chief executive officer Irl Engelhardt.
The bankruptcy court heard arguments Sept. 11-12 about keeping the case in the New York’s southern district court. Patriot wants the case to stay in New York, as it believes it would be the most cost-effective and convenient location.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here