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Lawsuit alleges Mine & Rail hid poor financial condition to obtain $30 million - Mountain Top Media
Summary by Mountain Top Media | | Pikeville, KY
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Lawsuit alleges Mine & Rail hid poor financial condition to obtain $30 million - Mountain Top Media
LONDON, Ky. — A financial dispute tied to coal operations in Eastern Kentucky has landed in federal court, with an investment firm accusing a mining company and its leadership of fraudulently securing tens of millions of dollars while concealing serious financial problems. In a lawsuit filed in federal court, Tacora Capital alleges that Mine & Rail Corporation and related entities misrepresented their financial condition to obtain roughly $30 mil
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