Manchin Responds To Patriot Coal Ruling: ‘This Ruling Is A Travesty’
Washington, D.C. – U.S. Senator Joe Manchin (D-W.Va.) issued the following statement in response to a St. Louis-based federal bankruptcy judge’s ruling that allows Patriot Coal to ignore its collective bargaining agreement with the United Mine Workers of America and change retiree health care benefits.
“This ruling is a travesty. It is wrong that Peabody can set up a company such as Patriot, fill that company with its liabilities and then spin that company off for the sole purpose of avoiding its contractual and moral obligations to its workers. I don’t think bankruptcy laws were ever designed to shield corporations from their promises and responsibilities. I will continue to fight for fairness in the bankruptcy system.”
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