Walter Energy (WLT) says it has "serious concerns" about Audley Capital's slate of nominees to...

|About: Walter Energy, Inc. (WLT)|By:, SA News Editor

Walter Energy (WLT) says it has "serious concerns" about Audley Capital's slate of nominees to replace the majority of its board, accusing the hedge fund's nominees of insider trading, deficient governance, and misrepresentations of experience. Audley sends out its own letter, saying it is "baffled" that WLT consistently provides "incorrect" quarterly earnings guidance to analysts.