International Coal Group Inc. has been found liable for $104.1 million in a breach of contract lawsuit.
According to court documents, International Coal breached a coal supply contract with Allegheny Energy Supply and Monogahela Power Company when it declared force majeure and temporarily idled a West Virginia mine in the third quarter of 2006. The lawsuit also claimed that Wolf Run, an International Coal subsidiary, continued to breach the contract by failing to ship the volumes of coal referenced in the agreement after the mine idling.
“We are disappointed in the court’s ruling today,” International Coal Senior Vice-President and General Counsel Roger Nicholson said. “[ICG] believe that the court misinterpreted both the factual underpinnings of the case as well as the applicable law. We intend to avail ourselves of post-verdict remedies and to appeal the ruling, if necessary.
If you are involved in a business dispute, please contact a Des Moines Business Attorney of LaMarca Law Group, P.C., by calling (877) 327-2600.
An Iowa developer recently sued Kimberling City, Missouri claiming that officials from the city have held up projects to be completed in the city. Signature Holding Co. of Bettendorf, Iowa filed suit against the city, its mayor and other specified officials in the U.S. District Court in Davenport and seeks $14.5 million worth of damages.
According to court documents, Signature Holding Co. was set to begin two real estate development projects in Kimberling in 2003, Cottage Row and the Fischer Creek Inn and Country Club. In 2006, after a new mayor and city council were elected, Singnature Holding Co. alleges that they began to take steps which prevented them from continuing development plans.
Specifically, the suit claims that between 2006 and 2009 the mayor and city representatives failed to hold timely meetings, spread untrue information about the development company and two times withdrew formal contract with the company.
To discuss options concerning business litigation, contact the experienced Des Moines business transaction attorneys of LaMarca Law Group, P.C. at (877) 327-2600 today.