Yup, the hedge funds were going to steal Patriot Coal from from the creditors from the beginning.
10/10/13 Knighthead Capital Management, LLC owns $57,356,000 of 8.25% Senior Notes
11/08/13 Knighthead Capital Management, LLC increases its holdings to $70,356,000 of Senior Notes
10/10/13 Davidson Kempner Capital Management LLC owns $35,000,000 of First Out DIP Facility
11/08/13 Davidson Kempner Capital Management LLC increases it holdings to include $13,000,000 of Senior Notes in addition to their $35,000,000 of First Out DIP Facility
4/19/13 Aurelius Capital Management, LP owns $77,901,000 of 8.25% Senior Notes and $19,665,000 of 3.25% Convertible Senior Notes