St. Louis based company faces questions about retiree benefits

Patriot Coal Corp. has not adequately answered questions from retired coal miners about how their medical benefits and other retiree benefits will be paid.  Retired coal miners may seek payment from two other companies, Peabody Energy Corp. and Arch Coal, Inc., by alleging they worked for those companies rather than the bankruptcy Patriot.  It is unclear how this will play out in bankruptcy court; however, Patriot has requested additional time to file a proposed bankruptcy plan.

Representatives will be looking at the possibility of filing claims against the corporate predecessors if it appears that there were fraudulent transfers made prior to the bankruptcy filing.

For more information read, “Patriot Coal Retirees May Seek Claims on Peabody, Arch.”