Hedge Fund News From HedgeCo.Net


The Daily Docket: Hedge Funds Want Trustee to Take Over Patriot Coal

Dow Jones – Two hedge funds are asking that an outsider take over Patriot Coal Corp . in order to extricate it from a bitter fight with its miners union.

Aurelius Capital Management LP and Knighthead Capital Management LLC, which manage funds that own Patriot bond debt, on Thursday filed court papers requesting the appointment of an independent Chapter 11 trustee to run Patriot and the dozens of its affiliates that they say aren’t party to a labor agreement with the United Mine Workers of America.

Read Complete Article

Related Posts Plugin for WordPress, Blogger...
This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>