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The Climate Litigation Database

Roe v. Arch Coal, Inc.

Geography
Year
2015
Document Type
Litigation
Part of

About this case

Filing year
2015
Status
Order issued.
Docket number
4:15-cv-00910
Court/admin entity
United StatesUnited States Federal CourtsUnited States District Court for the Eastern District of Montana (E.D. Mo.)
Case category
Securities and Financial Regulation (US)
Principal law
United StatesEmployee Retirement Income Security Act of 1974 (ERISA)
At issue
Action alleging that coal company breached fiduciary duties in connection with employee pension plans by retaining stock in company.
Topics
, ,

Documents

Filing Date
Document
Type
Topics 
Beta
01/15/2016
Order issued.
The court stayed proceedings after Arch Coal filed a notice advising the court that it had filed a Chapter 11 bankruptcy petition in the bankruptcy court for the Eastern District of Missouri.
Decision
06/09/2015
Complaint filed.
A representative participant in the employee pension plan of Arch Coal, Inc. (Arch) filed a class action complaint against the company alleging breaches of fiduciary duty pursuant to the Employee Retirement Income Security Act (ERISA). The plaintiff asserted that the defendants retained Arch stock as investment options in the plans when a reasonable fiduciary would have done otherwise. The complaint alleged that defendants should have known that the pension plan’s investments in Arch stock were imprudent because of the “sea-change” in the coal industry. Causes of this “sea-change” cited in the complaint included the regulation of carbon dioxide emissions from power plants.
Complaint

Summary

Action alleging that coal company breached fiduciary duties in connection with employee pension plans by retaining stock in company.

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Group
Topics
Target
Policy instrument
Risk
Just transition
Renewable energy
Fossil fuel
Greenhouse gas
Economic sector
Adaptation/resilience
Finance