Peabody Energy successfully litigates and settles $644 million withdrawal liability assessment by UMWA 1974 Pension Plan

Client(s) Peabody Energy Corporation

Jones Day successfully defended Peabody Energy Corporation against a $644 million withdrawal liability claim by the UMWA 1974 Pension Plan, which alleged that Peabody's spinoff of Patriot Coal Company was done to evade or avoid withdrawal liability. The case, which was part of Peabody's chapter 11 proceeding, went through a hearing before an arbitrator and reached a favorable settlement ahead of a decision being rendered.