If upheld, verdict against Massey may be worth 6 dollars/share to Esmark

摘要

If Massey Energy is unsuccessful in its appeal of a 220 million dollars judgment against it, Wheeling-Pittsburgh Steel could collect 270 million dollars, according to Bill Keegan, a spokesman for Esmark, which could amount to 6 dollars/share for Esmark. Wheeling-Pitt is an operating division of steelmaker Esmark. But Keegan also noted that judgment - if and when it is collected - is subject to legal costs, a percentage of settlement to Mountain State Carbon, a co-plaintiff in Wheeling- Pitt's lawsuit, and other costs.