Bankruptcy lawyers strip cash from coal miners’ health insurance
by Alec MacGillis ProPublica, Oct. 1, 2015, 5 a.m. This story was co-published with The Daily Beast. There was plenty in the complex deal to benefit bankers, lawyers, executives and hedge fund managers. Patriot Coal Corp. was bankrupt, but its mines would be auctioned to pay off mounting debts while financial engineering would generate enough…
