In the wake of a domestic glut in natural gas, claims against at least two U.S.-based global coal companies have been filed, alleging “stock-drop” violations under the Employee Retirement Income Security Act.
Suits against Arch Coal and Peabody Energy, both headquartered in St. Louis, Missouri, were filed in U.S. District Court for the Eastern District of Missouri recently, just days a part.
In the claim against Arch, Douglas Roe, a former employee, alleges that Arch’s Employee Thrift Plan ignored the grim realities facing the company and the coal industry as it more than doubled participants’ holdings in company stock between 2011 and 2013, from 1.9 million shares to 3.9 million.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
