10 Arrested At Protest Of Patriot Bankruptcy Case
The lawsuit claims that 90 percent of the retirees for whom Patriot is responsible worked for Peabody and Arch, not Patriot.
Svec said Patriot was highly successful when it launched but was hurt by the global financial crisis, drops in prices for metallurgical coal, competition from cheap natural gas and federal environmental regulations.
AP reporter Jim Suhr in St. Louis contributed to this report.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts