Case against Massey Energy to go to mediation - Beckley, Bluefield & Lewisburg News, Weather, Sports

Case against Massey Energy to go to mediation

Posted: Updated:
  • Local NewsLocal NewsMore>>

  • Tazewell County Sheriff's Deputies capture man wanted for scamming people

    Tazewell County Sheriff's Deputies capture man wanted for scamming people

    Tazewell County Sheriff's Deputies capture man wanted for scamming people

    Sunday, April 20 2014 3:01 PM EDT2014-04-20 19:01:26 GMT
    Tazewell County Sheriff Deputies have captured a man wanted for scamming people in at least three counties.
    Tazewell County Sheriff Deputies have captured a man wanted for scamming people in at least three counties.
  • Mercer County Woman Dies in Florida Car Accident

    Mercer County Woman Dies in Florida Car Accident

    Sunday, April 20 2014 2:23 PM EDT2014-04-20 18:23:43 GMT
    JACKSONVILLE -- A Mercer County woman was killed in an accident in Jacksonville FL early Saturday morning. According to police Kimberly Gillespie had stopped her vehicle in the center lane of I-95 going Northbound in Jacksonville when she was hit by an approaching vehicle, and ejecting Gillespie from her vehicle. After she was ejected, two more vehicles ran over her body. Police say the oncoming vehicles did not see Gillespie due to poor lighting. She was pronounced dead at the scene.Gillespi...
    JACKSONVILLE -- A Mercer County woman was killed in an accident in Jacksonville FL early Saturday morning. According to police Kimberly Gillespie had stopped her vehicle in the center lane of I-95 going Northbound in Jacksonville when she was hit by an approaching vehicle, and ejecting Gillespie from her vehicle. After she was ejected, two more vehicles ran over her body. Police say the oncoming vehicles did not see Gillespie due to poor lighting. She was pronounced dead at the scene.Gillespi...
  • Beckley Motor Speedway holds open practice

    Beckley Motor Speedway holds open practice

    Beckley Motor Speedway holds open practice

    Sunday, April 20 2014 9:30 AM EDT2014-04-20 13:30:13 GMT
    Today the Beckley Motor Speedway held an open practice for any racer who wanted to test out the track.
    Today the Beckley Motor Speedway held an open practice for any racer who wanted to test out the track.

A case involving Massey Energy Co. and shareholders who say the company lied about its safety record to inflate stock prices before the Upper Big Branch mine disaster is going to mediation.

An order was signed last week by U.S. District Judge Irene Berger.   The order gives the parties involved six months to come to an agreement.

According to the Associated press, investors led by the Massachusetts Pension Reserves Investment say Massey repeatedly lied about its record, artificially inflating stock prices between 2008 and 2010.

 

They say shareholders had no knowledge of Massey's long history of violations until after the southern West Virginia mine exploded in April 2010. Twenty-nine men died.

Massey was later bought by Virginia-based Alpha Natural Resources.

The civil case has been on hold because the judge is shielding evidence the shareholders want to use from an ongoing criminal investigation.