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Optim Energy Coal Supplier Appeals Lawsuit-Blocking Ruling

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The coal supplier to one of Optim Energy LLC's Texas power plants is protesting a bankruptcy judge's decision to block the supplier from filing a lawsuit that could reduce or even throw out Optim Energy's $700 million debt to its owner, Dow Jones Daily Bankruptcy Review reported today. Walnut Creek Mining Co. filed an appeal on Wednesday in bankruptcy court challenging a decision from Judge Brendan Shannon, who determined that the proposed lawsuit would be too difficult to win when he rejected Walnut Creek Mining's permission to file it.