Page 5 - Patriot Coal News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stay updated with breaking news from Patriot coal. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Top News In Patriot Coal Today - Breaking & Trending Today

Corsa Coal Announces Executive Transition

Corsa Coal Announces Executive Transition
News provided by
Share this article
Share this article
FRIEDENS, Pa., June 9, 2021 /CNW/ - Corsa Coal Corp. (TSXV: CSO) (OTCQX: CRSXF) ( Corsa or the Company ), announced today that Peter V. Merritts, as part of his future retirement planning process, has elected to step down as Chief Executive Officer ( CEO ) of the Company and a member of the Board of Directors and be appointed Chief Operating Officer ( COO ) effective June 9, 2021. Mr. Merritts decision is not the result of any dispute or disagreement with the Company or any matter related to the Company s operations, policies, management, or board of directors, but strictly a decision to provide the best opportunity for succession planning of the CEO position and Mr. Merritts future retirement plans. ....

Liberty University , United States , Peterv Merritts , Ronaldg Stovash , Robert Bobj Schneid , Robertj Schneid , Kevinm Harrigan , Compensation Committee Of The Board Directors , Energy Resource Economics , Virginia University , Bachelor Of Science Degree In Energy Management , Walter Energy , Regulation Services Provider , Venture Exchange , Corsa Coal Corp , Development Company , Corsa Coal , Chief Executive Officer , Chief Operating Officer , Prospect Mining , Patriot Coal , Oxbow Carbon , Science Degree , West Virginia University , Energy Management , West Liberty ,

NRA Bankruptcy Raises Questions about Good Faith and Venue

Thursday, January 21, 2021
The January 15, 2021 bankruptcy petition filed by the National Rifle Association of America (NRA) in the Northern District of Texas poses important tests of the rules for determining proper venue in a bankruptcy case and the standard for determining whether a bankruptcy petition has been filed in good faith.
By filing in Texas, the NRA, a New York entity with its principal place of business in Virginia, is relying on the fact that its subsidiary Sea Girt LLC was formed under Texas’ limited liability company law. Typically, a company may file for bankruptcy in any venue that would be available to any one of its affiliates, and the NRA is relying on its Sea Girt affiliate’s presence in Texas in this case. But the complicating factor for the NRA’s choice of venue is that Sea Girt does not appear to have been formed until November 24, 2020 ....

New York , United States , West Virginia , Little Creek , Sea Girt , Wayne Lapierre , Patriot Coal Corp , Court Do , National Rifle Association Of America , Dixie Stores Inc , National Rifle Association , Northern District , Patriot Coal , Southern District , New York Attorney General , Executive Vice President Wayne Lapierre , Bankruptcy Code , Judge Chapman , Bad Faith Questions May Overshadow The , Dixie Stores , Humble Place Joint Venture , Nra Bankruptcy , Bankruptcy Petition Filed In Good Faith , Proper Venue For Bankruptcy Filings , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் ,

Detailed text transcripts for TV channel - MSNBC - 20130531:07:20:00

again, chris, you said it perfectly. it s a travesty. that s exactly how i believe and feel very strongly about this. these are some of the salt of the earth, the best people you ve ever been around in your life. the coal miners, coal miners family, what they have sacrificed and given to this country. these are people s lives we re dealing with, chris. we re not dealing with corporate liabilities. they re real people s lives and they have given their all. they were promised, they negotiated in good faith a contract. and they negotiated with the wages, it was a give and take proposition, with the promise that their benefits would be there for them when they retired. and you said it best. basically you have the parent corporation, which was peabody, spun off patriot in 2007. they spun off with very little assets an awful lot of liabilities designed to fail. if that can be proven, that can t happen in america. we can t let that happen and ....

Chris Hayes , Salt Of The Earth , Coal Miners , Parent Corporation , Patriot Coal ,

Detailed text transcripts for TV channel - MSNBC - 20130531:00:20:00

These are some of the salt of the earth, the best people you ve ever been around in your life. the coal miners, coal miners family, what they have sacrificed and given to this country. these are people s lives we re dealing with, chris. we re not dealing with corporate liabilities. they re real people s lives and they have given their all. they were promised, they negotiated in good faith a contract. and they negotiated with the wages, it was a give and take proposition, with the promise that their benefits would be there for them when they retired. and you said it best. basically you have the parent corporation, which was peabody, spun off patriot in 2007. they spun off with very little assets an awful lot of liabilities designed to fail. if that can be proven, that can t happen in america. we can t let that happen and we re going to have to look and reopen these bankruptcy laws in order to make them take care of that inequity right now. this is wrong. and we ve been talking about th ....

Chris Hayes , Coal Miners , Salt Of The Earth , Patriot Coal , Parent Corporation , Bankruptcy Laws ,

Detailed text transcripts for TV channel - MSNBC - 20130531:00:19:00

Created by the larger peabody energy in 2007. patriot was spun off from peabody, taking a whole lot of peabody s liabilities but only a smidgeon of its assets. the move was best summarized by temple university professor bruce raider in a paper called designed to fail, the case of patriot coal. he said patriot coal was created just to go bankrupt. at the time, peabody s cfo happily announced, hey look, our health care liability and related expenses will be reduced by 40%. in total, our legacy liabilities, expenses and cash flow will nearly be cut in half. we now know at whose expense that comes. joining me tonight, senator joe manchin, democrat from west virginia. senator, thank you for joining us. you had strong words about this yesterday. what is your reaction to the judge s ruling on this? again, chris, you said it perfectly. it s a travesty. that s exactly how i believe and feel very strongly about this. ....

Patriot Coal , Peabody Energy , Bruce Raider , Health Care Liability , Temple University , Joe Manchin , West Virginia , Legacy Liabilities , Cash Flow , Chris Hayes ,