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Massey Settles Shareholder Lawsuit

CHARLESTON, W.Va. (AP) - Massey Energy's management has agreed
to increase oversight of the coal company's environmental and
safety compliance to settle a shareholder lawsuit.

Among other things, a board committee will monitor safety
violations and accidents and scrutinize environmental problems
under a deal approved by a West Virginia judge Wednesday. Richmond,
Virginia-based Massey further agreed to appoint vice presidents for
safety and environmental practices.

The settlement ends a shareholder suit brought on Massey's
behalf by the Manville Personal Injury Trust against CEO Don
Blankenship and board members.

Trust attorney Andrew MacQueen says the deal requires many
changes.

Defense lawyer Ronald Rolfe says the agreement isn't an
admission of wrongdoing.

Massey operates mines in West Virginia, Virginia and Kentucky.


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