Shareholders are investigating whether the sale negotiated with Alpha may have violated shareholder protection laws.
-Goldfarb Branham LLP is investigating whether the Board of Directors of Massey Energy Company (NYSE: MEE) violated shareholder protection laws in connection with the proposed buyout by Alpha Natural Resources for $69.33 per share in a stock and cash deal.
Massey has a long history of safety violations and its stock continues to suffer after a blast at Massey Energy’s Upper Big Branch mine in West Virginia killed 29 miners. Don Blankenship retired, suddenly, as CEO last December Known as “The Dark Lord of Coal Country” he is credited with Massey’s image as a “coal company that he has turned into a national symbol of lethal greed”.
Filmmaker Michael Fountain produced this documentary, Bonecrusher, from the perspective of the men who work these mines in order to fuel America’s thirst for energy.
