Bruce Raider News Today

Bankruptcy system to avoid pension obligations happens quite a bit. this is whats particularly egregious about the situation. patriot coal was a company created by the larger peabody energy in 2007. patriot was spun off from peabody, taking a whole lot of peabodys liabilities but only a smidgeon of its assets. the move was best summarized by temple university professor bruce raider in a paper called "designed to fail, the case of patriot coal." he said patriot coal was created just to go bankrup...