W.Va. judge won't dismiss Massey shareholder case

MORGANTOWN, W.Va. (AP) - A federal judge has rejected Massey
Energy's motion to dismiss a lawsuit by shareholders who say they
were misled about the coal company's safety record before the Upper
Big Branch mine disaster.

U.S. District Judge Irene Berger issued her ruling Wednesday in
Beckley, allowing the case led by the Massachusetts Pension
Reserves Investment Trust to proceed.

The investors say Massey repeatedly claimed to be one of the
safest operators in the industry, regularly touting safety
achievements and leading them to believe that safety was a
corporate priority.

They learned otherwise in April 2010, when the southern West
Virginia mine exploded and 29 men died.

Massey sought last year to have the case thrown out, while the
investors argued that revelations from several investigations of
the blast gave them new evidence.

(Copyright 2012 by The Associated Press. All Rights Reserved.)


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