Massey Hit With Shareholder Suits Following Fatal Mine Disaster
Posted on May 04, 2010
Massey Energy has been hit by a number of shareholder suits following the fatal disaster at its Upper Big Branch mine in West Virginia that killed 29 on April 5. The institutional investors that have already filed suit blaming Massey, its CEO, Don Blankenship, and its Board of Directors, for the fatal disaster include the New Jersey Building Laborers Pension Fund, International Union of Operating Engineers Pension Fund, Louisiana Muncipal Police Employees' Retirement Fund, and the Manville Personal Injury Trust Fund.
Source: Chicago Tribune
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