The International Resource Journal: Massey board faces lawsuit from shareholders

Massey board faces lawsuit from shareholders
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admin on 28 April, 2010 09:45:00
 
IRJ April 28 - Massey Energy, whose Upper Big Branch mine tragedy in West
Virginia, USA, has caused a media frenzy over the past couple of weeks when 29
people died, faces a lawsuit today.
A number of the company’s shareholders plan to sue the board of directors
in a civil case assembled and brought by the New Jersey Building Laborers
Pension Fund.  They are seeking damages, further mine inspections and the
removal of Donald Blankenship, Massey’s CEO and Chairman.