Peabody Energy (BTU) defends itself after being accused of trying to duck liability for its...

|About: Peabody Energy Corp. (BTUUQ)|By:, SA News Editor

Peabody Energy (BTU) defends itself after being accused of trying to duck liability for its retirees by dumping the obligations on Patriot Coal (PCXCQ.OB), which was formed in 2007 from assets split from BTU and Arch Coal: "These are Patriot's obligations and, to the extent they are reduced, we will meet our agreement with Patriot to fund the new lower levels."