A promise by owners of the Bull Mountain coal mine near Roundup to pay investors more than $17 million plus interest was breached and is enforceable, a federal judge has ruled.

U.S. Magistrate Judge Carolyn Ostby issued her findings in the complicated case after hearing arguments last week from lawyers for three East Coast companies representing more than 350 investors and for Bull Mountain Coal Properties Inc., Airlie Opportunity Master Fund Ltd. and related companies.

Read the entire story here:

http://www.billingsgazette.net/articles/2008/03/11/news/state/24-bullmountain.txt 

Tags: Bull Mountain, Judge's ruling, montana

This entry was posted on Tuesday, March 11th, 2008 at 4:23 pm and is filed under Montana Coal/Coal Bed Methane. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.