IN RE MASSEY ENERGY CO. LITIGATION

Consolidated C.A. No. 5430-CB.

160 A.3d 484 (2017)

IN RE MASSEY ENERGY COMPANY DERIVATIVE AND CLASS ACTION LITIGATION.

Court of Chancery of Delaware.

Decided: May 4, 2017.


Attorney(s) appearing for the Case

Stuart Grant , Cynthia A. Calder , and Michael T. Manuel of GRANT & EISENHOFFER P.A., Wilmington, Delaware; Mark Lebovitch and David Wales of BERNSTEIN LITOWITZ BERGER & GROSSMANN LLP, New York, New York; Gregory M. Nespole and Benjamin Y. Kaufman of WOLF HALDENSTEIN ADLER FREEMAN & HERZ LLP, New York, New York; Nadeem Faruqi of FARUQI & FARUQI, LLP, New York, New York; Co-Lead Attorneys for Plaintiffs.

Kevin G. Abrams , Matthew L. Miller , and Michael A. Barlow of ABRAMS & BAYLISS LLP, Wilmington, Delaware; Ronald S. Rolfe and Julie A. North of CRAVATH, SWAINE & MOORE LLP, New York, New York; Attorneys for Defendants James B. Crawford, Robert H. Foglesong, Richard M. Gabrys, E. Gordon Gee, Bobby R. Inman, Dan R. Moore, Stanley C. Suboleski, and Lady Barbara Thomas Judge.

Kenneth J. Nachbar and Ryan D. Stottmann of MORRIS, NICHOLS, ARSHT & TUNNELL LLP, Wilmington, Delaware; William W. Taylor, III and Steven N. Herman of ZUCKERMAN SPAEDER LLP, Washington, DC (on behalf of Don. L. Blankenship ); Peter H. White of SCHULTE ROTH & ZABEL LLP, Washington, DC (on behalf of Mark A. Clemens and Jeffrey M. Jarosinski ); Stephen E. Baril of KAPLAN VOEKLER CUNNINGHAM & FRANK PLC, Richmond, Virginia; Stephen P. Anthony of COVINGTON & BURLING LLP, Washington, DC (on behalf of Christopher Adkins ); Attorneys for Defendants J. Christopher Adkins, Don L. Blankenship, Mark A. Clemens, Jeffrey M. Jarosinski, and Baxter F. Phillips, Jr.

Kevin G. Abrams , Matthew L. Miller , and Michael A. Barlow of ABRAMS & BAYLISS LLP, Wilmington, Delaware; Greg A. Danilow and Caroline H. Zalka of WEIL, GOTSCHAL & MANGES LLP, New York, New York; Attorneys for Defendant Linda J. Welty.

Donald J. Wolfe, Jr. , Matthew E. Fischer , and Jacqueline A. Rogers of POTTER ANDERSON & CORROON LLP, Wilmington, Delaware; Victor L. Hou of CLEARY GOTTLIEB STEEN & HAMILTON LLP, New York, New York; Attorneys for Nominal Defendant Alpha Appalachia Holdings, Inc.


OPINION

In April 2010, an explosion occurred at Massey Energy Company's Upper Big Branch coal mine in West Virginia, killing 29 miners. It was the worst mining disaster in the United States in 40 years, but it was not the first serious accident at a Massey mine. Within weeks...

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