Patriot Coal committee receives approval to hire lead, local counsel

By Caroline Salls

Pittsburgh, July 9 – Patriot Coal Corp.’s official committee of unsecured creditors obtained court approval to employ Morrison & Foerster LLP and Tavenner & Beran, plc as joint legal counsel, according to separate orders filed July 9 with the U.S. Bankruptcy Court for the Eastern District of Virginia.

Both hirings are retroactive to May 21.

Though Morrison & Foerster will act as the committee’s lead counsel and Tavenner & Beran as the local counsel in Virginia, both firms will advise the committee regarding its rights and powers in Patriot’s bankruptcy case, represent the committee in meetings and negotiations, assist in the review and analysis of the company’s financial condition and any proposed plan or transaction and appear in court as needed.

Morrison & Foerster attorneys will be paid hourly rates between $405 and $995, and Tavenner & Beran attorneys will be paid hourly rates between $395 and $410, according to the motions.

Patriot Coal, a Richmond, Va.-based miner, producer and seller of thermal coal, filed for bankruptcy on May 12. The Chapter 11 case number is 15-32450.

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