Coal-mining company Patriot Coal Corp. won bankruptcy court approval to broaden an ongoing investigation into the spinoffs that it says allowed its predecessors to dump hundreds of millions of dollars in legacy liabilities on its shoulders, Dow Jones Daily Bankruptcy Review reported today. Bankruptcy Judge Kathy Surratt-States on Friday authorized Patriot and its unsecured creditors to add Arch Coal Inc. to a pending probe into former parent Peabody Energy Corp. On Thursday, the judge cleared Patriot and the creditors to also investigate private-equity firm ArcLight Capital Partners LLC.
