Xinergy Ltd., a U.S. producer of metallurgical and thermal coal, announced that the company and 25 of its subsidiaries filed for chapter 11 protection yesterday, Nasdaq.com reported. The company stated that it will operate its businesses and continue customer shipments without interruption during the reorganization. Xinergy will continue to pay its employees in the normal course and also filed a motion with the court seeking to honor its pre-petition employee obligations.
