Tuesday, November 27, 2012

Patriot Bankruptcy Case Moved


{New York}…U.S. Bankruptcy Judge Shelley Chapman in New York ruled Tuesday that Patriot Coal's federal bankruptcy case will be moved from New York City to St. Louis. An $802 million financing package was approved in August so Patriot can continue operating while it restructures. Patriot is responsible for more than 10,000 retirees and 10,000 dependents, most of them in West Virginia, Indiana, Illinois, Kentucky and Ohio.