Massey Energy Co

Published : November 20th, 2014

Ex-coal exec pleads not guilty in W.Va. mine blast

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Keywords :   Coal |

Ex-coal exec pleads not guilty in W.Va. mine blast

BECKLEY, W.Va. (AP) -- Ex-coal company chief executive Don Blankenship pleaded not guilty Thursday to conspiracy and other charges in the deadliest U.S. mine accident in four decades.

It was the first appearance in federal court for the former Massey Energy CEO since he was indicted last week. He is accused of ignoring safety and health regulations to make more money at the Upper Big Branch mine and lying to investigators about his company's safety practices. In April 2010, an explosion at the mine in Montcoal killed 29 men, and the indictment said Blankenship could have prevented most of the violations the mine was committing.

Blankenship, 64, could face up to 31 years in prison if convicted. He was released on a $5 million bond and his travel was restricted to Washington, D.C., and parts of West Virginia and Kentucky. He was ordered not to speak with family members of the victims.

Blankenship, wearing a navy blue pinstriped suit and red tie, looked at ease in the courtroom. He gave the media a quick, cordial greeting before the hearing and put his right arm behind his chair, leaned back and laughed a couple of times with his attorney. Otherwise, the executive once dubbed by Rolling Stone magazine as "The Dark Lord of Coal Country," was calm and his answers to the judge were short.

Some relatives of the men killed in the blast attended the hearing, and at least one family cried and hugged one another when it was over.

Read the rest of the article at finance.yahoo.com

Massey Energy Co

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Massey is a producing company based in United states of america.

Massey is listed in Germany and in United States of America. Its market capitalisation is US$ 118.1 billions as of today (€ 82.3 billions).

Its stock quote reached its highest recent level on July 03, 2008 at US$ 95.20, and its lowest recent point on June 17, 2016 at US$ 0.00.

Massey has 1 813 430 016 shares outstanding.

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In the News and Medias of Massey Energy Co
1/20/2018Ex-Massey Energy CEO and ex-con Blankenship running for US S...
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11/20/2014Ex-coal exec pleads not guilty in W.Va. mine blast
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Corporate news of Massey Energy Co
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