Nov. hearing set for $1.38M ICG settlement

摘要

A West Virginia court has set a November date to decide whether a $1,375,000 cash settlement suggested in a class-action lawsuit against Arch Coal Inc. subsidiary International Coal Group Inc. (ICG) is reasonable and adequate. Saratoga Advantage Trust filed the lawsuit in 2008, alleging that ICG and four individuals-Wilbur L. Ross, Bennett K. Hatfield, Wendy Teramoto and William D. Campbell—were not straightforward with the coal miner's record.