".. (Peabody) giving it (Patriot) 16% of its assets and 40% of its retiree liability." This just about says it all. THIS is THE reason Patriot filed bankruptcy. The court must order Peabody to be responsible for these huge numbers of retirees who worked for Peabody. They never worked for Patriot. And the court must demand that Patriot not be allowed to shirk its guaranteed obligation to "protect shareholder value". Patriot Coal stock must NOT be canceled.
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