Mike Elk
In These Times
The miners union has filed suit claiming that Arch Coal and Peabody Energy designed Patriot Coal to fail—then shifted over a billion dollars in pension and retiree health care debts to Patriot as a ploy to get out of those obligations. The UMWA fears if Peabody and Arch get away with spinning off their obligations to a company designed to collapse, more coal companies will take similar measures.
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