Statement Of Peabody Energy (NYSE: BTU) Regarding Ruling On Patriot Coal Claim
ST. LOUIS, May 29, 2013 /PRNewswire/ -- Today, the bankruptcy court ruled on Patriot Coal's motion to terminate its collective bargaining agreement with the UMWA. The court also addressed Patriot's request to modify its agreement with Peabody regarding retiree benefits.
In its order, the court fully agreed with Peabody's contractual position. Peabody will continue to meet its obligations, as affirmed by today's rulings.
SOURCE Peabody Energy