Statement Of Peabody Energy (NYSE: BTU) Regarding Ruling On Patriot Coal Claim

29 May, 2013, 18:41 ET from Peabody Energy

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.


Kirsty McDonald

SOURCE Peabody Energy