Posted: Apr 28, 2010 11:37 AM by Bea Karnes, News First 5
Updated: Apr 28, 2010 11:37 AM
More institutional investors in Massey Energy Co. are suing the company's board of directors over the recent underground disaster that killed 29 coal miners.
The New Jersey Building Laborers Pension Fund blames failures by Chairman Don Blankenship and other board members for the April 5 explosion at the Upper Big Branch mine in West Virginia. Its lawsuit was filed last week in Delaware's Chancery Court.
The International Union of Operating Engineers Pension Fund of Eastern Pennsylvania and Delaware has filed a similar lawsuit. So has the Louisiana Municipal Police Employees' Retirement System. Both sued last week in Wyoming County Circuit Court.
The Manville Personal Injury Settlement Trust filed suit April 15 in Kanawha County.