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Employee Sues Over Retirement Plan Losses as Arch Coal Stumbles
The Business Journals 
June 12, 2015 "A former Arch Coal employee is suing the trustees of the company's retirement plan, alleging they invested retirement savings in Arch stock though they should have known it was a risky investment.... The suit comes as Arch, like other coal companies, is dealing with the effects of a depressed coal market; it reported a first-quarter loss of $113.2 million on revenue of $677 million and was recently warned by the New York Stock Exchange that it is out of compliance with the market's rule requiring an average price of $1 per share of common stock for 30 consecutive trading days." MORE >> |
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