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Supreme Court Ruling Deflates Massey Energy Shares

Stock quotes in this article: MEE  

ERNEST SCHEYDER

NEW YORK (AP) — Shares of Massey Energy Co. fell Monday after the Supreme Court reversed a West Virginia court's verdict, citing the coal miner's financial support for a judge's campaign.

The stock dropped $1.41, or 5.9 percent, to $22.42 in afternoon trading. Shares have traded between $9.62 and $95.70 in the past 52 weeks.

In a 5-4 vote, the high court ruled elected judges must step down from cases where large campaign contributions from interested parties create the appearance of impropriety. ...

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