Stahl Cowen Retained To Monitor Impact on Retire Benefits in Peabody Energy Bankruptcy04/19/2016
On April 13, 2016, Peabody Energy (and many of its subsidiaries) filed for Chapter 11 bankruptcy protection with the United States Bankruptcy Court, E.D. of Missouri. Peabody Energy is currently the largest producer of coal in the United States. It is anticipated Peabody Energy will seek to modify or eliminate certain retiree benefits. Additional information about the Peabody Energy bankruptcy can found at www.peabodyretirees.com.
Stahl Cowen has been retained by certain non-union retirees concerned about their retiree benefits and the impact of the Peabody Energy bankruptcy. Attorney, Jon Cohen, has led Stahl Cowen in representing more official Retiree Committees than any law firm in the Country. Recent representations by Stahl Cowen include the official Retiree Committee in the last two Patriot Coal bankruptcy proceedings (including in Missouri), where many Peabody Energy retirees were also impacted. In these last two cases, Stahl Cowen assisted the Retiree Committees in obtaining over $21 million dollars in recoveries.
Stahl Cowen has also represented Retiree Committees in other Chapter 11 bankruptcy filings with respect to: Reichhold Holdings; Edison Mission Energy Homer City Generation; Patriot Coal; Dana Corp.; Hayes Lemmerz; International Metals I & II (Intermet); PTC Alliance; Böwe Bell + Howell Holdings, Inc.; Keystone Steel & Delphi. Stahl Cowen has also set up large Voluntary Employee Beneficiary Associations (VEBAs) for many of its Retiree Committee and other clients.