6910 search
Alpha Natural Resources Inc.
NYSE ANR 11,75 US$ 15566,67%
Logo

Ex-coal CEO opposes prosecutor push for $28M in restitution

Publié le 08 mars 2016

CHARLESTON, W.Va. (AP) -- Ex-Massey Energy CEO Don Blankenship is opposing a prosecution push to make him pay $28 million in restitution to a coal company.

In a Beckley federal court filing Monday, Blankenship's attorneys said he shouldn't have to pay Alpha Natural Resources for legal fees, investigative expenses and fines.

Blankenship was convicted Dec. 3 of a misdemeanor conspiracy to willfully violate mine safety standards at Upper Big Branch Mine. The southern West Virginia coal mine exploded in April 2010, killing 29 men.

Alpha bought Massey in 2011. Blankenship's attorneys wrote that now-bankrupt Alpha viewed the explosion and investigations as an opportunity to buy Massey at a lower price.

Alpha declined to comment Monday.

Blankenship's attorneys said restitution isn't an option and would complicate and prolong his sentencing, now slated for April 6.

Les autres articles de la compagnie
Wyoming says its coal mine cleanup policy is flawed
Alpha's Executive Bonuses Seem Shallow Given Coal Sector's D
Coal Asset Auctions Coming This Week
That Crashing Sound Is The Fall Of The U.S. Coal Industry
[$$] Citizens Groups Worry Arch Coal Can't Fund Cleanup
Dans la même rubrique
High life, low coal price sends Australian mining baron bank
03/03/16 08:29
High life, low coal price sends Australian mining baron bank
03/03/16 07:14
Atrum Coal NL (ASX:ATU) Receives Encouraging Yield Results
29/02/16 00:42
Altitude Resources Inc. and JOGMEC Proceed with 2016 Second
25/02/16 14:00
Struggling coal companies must face their cleanup costs - U.
23/02/16 22:59
Morien Provides Update on Donkin Coal Project
11/02/16 18:29
Articles en illimité et contenus premium Je m'abonne
Editoriaux
et Nouvelles
Actions
Minières
Or et
Argent
Marchés La Cote
search 6910
search