Peabody Cheers Court Ruling Over Retiree Benefits

6 years 3 months 2 weeks ago Thursday, August 22 2013 Aug 22, 2013 Thursday, August 22, 2013 9:17:46 AM CDT August 22, 2013 in News
By: The Associated Press

ST. LOUIS (AP) - Coal-producing Peabody Energy Corp. is applauding a court ruling that it remains obligated to continue health-care benefits for some 3,100 retirees of one of the company's former holdings.

An 8th U.S. Circuit Court of Appeals' bankruptcy panel on Wednesday overturned U.S. Bankruptcy Judge Kathy Surratt-States' May ruling that Peabody no longer was obliged to pay the benefits. That ruling linked to the bankruptcy of Patriot Coal Corp., which Peabody spun off in 2007.

While the United Mine Workers of America union cheered Wednesday's development, Peabody says the panel didn't rule on the level of funding required to meet future obligations.

Peabody adds the court found the company was obligated to make the payments until a new labor agreement was approved between Patriot and the UMWA. That came in recent days.

 

More News

Grid
List
COLUMBIA - Firefighters, police, bikers, and more came out to help the Food Bank raise funds to help those fighting... More >>
59 minutes ago Wednesday, December 11 2019 Dec 11, 2019 Wednesday, December 11, 2019 8:14:00 PM CST December 11, 2019 in News
JEFFERSON CITY - A new bill pre-filed by State Sen. Caleb Rowden, R-Columbia could give law enforcement a leg up... More >>
2 hours ago Wednesday, December 11 2019 Dec 11, 2019 Wednesday, December 11, 2019 6:49:00 PM CST December 11, 2019 in News
VANDALIA, Mo. - The Aspire Mo program graduated 10 new students at The Women's Eastern Reception, Diagnostic and Correctional Center... More >>
2 hours ago Wednesday, December 11 2019 Dec 11, 2019 Wednesday, December 11, 2019 6:17:00 PM CST December 11, 2019 in News
JEFFERSON CITY - Thousands of dollars were missing after an audit of Glasgow, Mo., released last year. Kevin... More >>
2 hours ago Wednesday, December 11 2019 Dec 11, 2019 Wednesday, December 11, 2019 6:16:00 PM CST December 11, 2019 in News
FLORISSANT, Mo. — Alex Sims is just like any other kid around Christmas. He's hoping for some cards and maybe... More >>
3 hours ago Wednesday, December 11 2019 Dec 11, 2019 Wednesday, December 11, 2019 5:57:00 PM CST December 11, 2019 in News
COLUMBIA - The Substance Abuse Advisory Commission decided on Wednesday that it could not endorse the ban of all flavored... More >>
6 hours ago Wednesday, December 11 2019 Dec 11, 2019 Wednesday, December 11, 2019 2:21:00 PM CST December 11, 2019 in News
JERSEY CITY, N.J. (AP) — New Jersey Attorney General Gurbir Grewal said at a news conference with other officials Wednesday... More >>
7 hours ago Wednesday, December 11 2019 Dec 11, 2019 Wednesday, December 11, 2019 2:11:00 PM CST December 11, 2019 in News
JEFFERSON CITY - The bronze statue that has sat atop the Capitol for nearly 95 years is causing controversy. ... More >>
7 hours ago Wednesday, December 11 2019 Dec 11, 2019 Wednesday, December 11, 2019 2:01:00 PM CST December 11, 2019 in News
COOPER COUNTY - The banks of the Lamine River look different Wednesday. During previous days of the search for... More >>
8 hours ago Wednesday, December 11 2019 Dec 11, 2019 Wednesday, December 11, 2019 12:53:00 PM CST December 11, 2019 in News
COLUMBIA - Pulaski County Deputies are looking for Austin Tabor after receiving several calls about stolen vehicles Sunday. At... More >>
8 hours ago Wednesday, December 11 2019 Dec 11, 2019 Wednesday, December 11, 2019 12:38:00 PM CST December 11, 2019 in News
COLUMBIA — Father Tolton Catholic High School announced its search for new leadership Wednesday, more than a month after the... More >>
9 hours ago Wednesday, December 11 2019 Dec 11, 2019 Wednesday, December 11, 2019 12:08:00 PM CST December 11, 2019 in News
MARCELINE - Tucked into a small part of Linn County sits Marceline, Mo. and the Walt Disney Hometown Museum. ... More >>
10 hours ago Wednesday, December 11 2019 Dec 11, 2019 Wednesday, December 11, 2019 11:00:00 AM CST December 11, 2019 in News
LAKE OF THE OZARKS - Divers with the Missouri State Highway Patrol recovered a victim's body at 1:10 p.m. in... More >>
11 hours ago Wednesday, December 11 2019 Dec 11, 2019 Wednesday, December 11, 2019 10:08:00 AM CST December 11, 2019 in News
COLUMBIA - On Wednesday, the Boone County League of Women Voters is celebrating 100 years since its founding. The... More >>
17 hours ago Wednesday, December 11 2019 Dec 11, 2019 Wednesday, December 11, 2019 3:45:00 AM CST December 11, 2019 in News
JEFFERSON CITY - Lawmakers from both sides of the aisle will come together for a press conference over Missouri's HIV-specific... More >>
17 hours ago Wednesday, December 11 2019 Dec 11, 2019 Wednesday, December 11, 2019 3:40:00 AM CST December 11, 2019 in News
COLUMBIA - The Hughes' family puts together their Christmas jigsaw puzzle in their front yard around Thanksgiving every year. It's... More >>
22 hours ago Tuesday, December 10 2019 Dec 10, 2019 Tuesday, December 10, 2019 10:39:00 PM CST December 10, 2019 in Continuous News
COLUMBIA - The Supreme Court of Missouri unanimously upheld a death sentence ruling Tuesday against a Jefferson City man who... More >>
23 hours ago Tuesday, December 10 2019 Dec 10, 2019 Tuesday, December 10, 2019 9:36:00 PM CST December 10, 2019 in News
COLUMBIA - The Missouri Court of Appeals ruled in favor of awarding $5.3 million to Ryan Ferguson. The court... More >>
1 day ago Tuesday, December 10 2019 Dec 10, 2019 Tuesday, December 10, 2019 8:30:00 PM CST December 10, 2019 in News
Columbia, MO
Broken Clouds 35°
10pm 34°
11pm 33°
12am 32°
1am 31°