Tuesday, July 19, 2011

Bayer CropScience Entitled To Refund

{West Virginia}...A federal appeals panel has ruled that Bayer CropScience is entitled to a $10 million refund from the former Massey Energy Company after Bayer claimed Massey overcharged the company for coal at its Institute plant. Central West Virginia Energy had raised Bayer's coal prices after market prices rose, despite the fact that Bayer had a long-term coal supply contract with the company.