Berenergy filed with the U.S. Bankruptcy Court an objection to Peabody Energy’s Joint Plan of Reorganization.
The objection explains, “Berenergy objects to the Plan and Disclosure Statement on two grounds: first, the Disclosure Statement fails to discuss the material risks to a successful reorganization created by the pending litigation between Berenergy and Peabody, and second, the Plan appears to involve an improper attempt to bar Berenergy from pursuing relief to enforce its federal lease rights and/or Peabody’s federal lease obligations.”
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