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Westmoreland Coal Company

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Case Number:

4:18-bk-35672

Court:

Texas Southern

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  1. April 10, 2019

    McKinsey Foe Asks To Lead Probe Into Consulting Giant

    Restructuring consultant Jay Alix again urged a New York bankruptcy court on Tuesday to let him investigate McKinsey & Co. over alleged conflicts of interest in the SunEdison Inc. Chapter 11 case, just days after McKinsey revealed that it paid $17.5 million to SunEdison's estate to resolve nearly identical claims.

  2. March 29, 2019

    McKinsey's Ch. 11 Deal Shouldn't Stop DQ Claims, Critic Says

    Turnaround consultant Jay Alix has unleashed another barrage against McKinsey & Co., asking multiple courts to make "crystal clear" that a recent $15 million settlement between McKinsey and the U.S. Trustee's Office won't preclude him from seeking "far greater penalties" for the consulting giant's "massive fraud."

  3. January 16, 2019

    Westmoreland Says It Will Seek To End Union Contract

    Saying it was unable to get the benefits concessions it needs under its postpetition financing arrangement, Westmoreland Coal told a Texas bankruptcy judge Wednesday it plans to ask permission to reject its contracts with the United Mine Workers of America.

  4. December 18, 2018

    McKinsey, Jay Alix Tiff May End Careers, Ch. 11 Judge Warns

    The judge presiding over the Chapter 11 case for Westmoreland Coal Co. issued a stern warning Tuesday that restructuring professional Jay Alix's allegations of fraud and insufficient disclosures leveled at McKinsey & Co. could lead to "huge ramifications," potentially ending careers.

  5. December 03, 2018

    Westmoreland Coal Ch. 11 Plan Reveals Too Little: US Trustee

    The U.S. Trustee's Office has filed an objection in Texas bankruptcy court to Westmoreland Coal Co.'s Chapter 11 plan, saying it provides too little information on proposed third-party releases for creditors to properly evaluate it.

  6. October 09, 2018

    Westmoreland Coal Hits Ch. 11 With Plan For Lender Takeover

    Westmoreland Coal Co. on Tuesday became the latest coal company to file for Chapter 11, telling a Texas bankruptcy court it has reached an agreement with a lender group to restructure $90 million in debt and sell off its core business assets.

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