- The restructuring plan of bankrupt Alpha Natural Resources (OTCPK:ANRZQ) could be held up because consulting firm McKinsey & Co. failed to fully disclose connections with potential buyers of the miner's assets, says agovernment watchdog that polices conflicts in bankruptcy.
- The Office of the U.S. Trustee warns that the lack of full disclosures may "cast a cloud" over Alpha's restructuring strategy.
- The restructuring plan would include a sale of core mining assets to lenders, who would pay by forgiving what they are owed rather than cash; Alpha also plans to sell natural gas assets to an affiliate of Rice Energy for $200M.