Patriot Coal Corporation

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Case overview

Case Number:

3:15-bk-32450

Court:

Virginia Eastern

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

  1. July 23, 2015

    Patriot Coal's Exec Bonus Plan Given Green Light

    A bankruptcy judge in Virginia has approved Patriot Coal Corp.'s plan to pay nearly $6.4 million in bonuses to its top executives and other employees, over the objections of the U.S. trustee in the case, according to a notice entered into the court record on Thursday.

  2. July 21, 2015

    Patriot Coal Says Bonus Plan Needed To Prevent Defections

    Patriot Coal Corp. on Tuesday defended its bid to dole out nearly $6.4 million to its top executives and employees after a U.S. trustee opposed the plan, saying without the extra pay the mining company risks major defections that could jeopardize its Chapter 11.

  3. July 15, 2015

    Trustee Blasts Bankrupt Patriot Coal's $6.4M Bonus Plans

    The U.S. Trustee's office on Wednesday slammed a pair of proposed bonus plans that could see Patriot Coal Corp. dole out nearly $6.4 million to top brass and other highly placed employees, saying there's little evidence these incentives will spur the troubled mining company through its second Chapter 11.

  4. June 24, 2015

    Patriot Coal Scores Win With Auction Plan Approval

    A Virginia federal bankruptcy judge Wednesday granted Patriot Coal Corp.'s motion to approve its proposed auction and stalking horse bidder over opposition from some creditors who said the deal might hurt unions and chill bidding for some of Patriot's assets.

  5. June 22, 2015

    Patriot Coal Says Quick Sell-Off Only Way Forward

    Patriot Coal Corp. shot back at its creditors' objections to its proposed auction in Virginia bankruptcy court on Monday, saying that while it was "sympathetic," it has already addressed many of the creditors' complaints and needs to move fast.

  6. June 15, 2015

    Union Blasts Patriot Coal's Stalking Horse Request

    Patriot Coal Corp.'s proposed plan to sell the majority of its operating assets, with Blackhawk Mining LLC as the stalking horse bidder, will hurt union workers and is meant to have a chilling effect on other bidders, the United Mine Workers of America told a Virginia bankruptcy court Monday.