Department of Justice

Seal of the United States Department of Justice
U.S. Department of Justice

The Delaware court considering Cloud Peak Energy's bankruptcy has agreed to a final sale schedule for its assets. The timeline was postponed to next month after objections rolled in from the U.S. Trustees, shareholders, and reclamation bondholders.

Federal officials are objecting to a coal company's plan to restructure and emerge from bankruptcy, because, they say, it looks a lot more like a plan to liquidate. 

Stephanie Joyce / Wyoming Public Media

The federal government has come out strongly against a proposal by bankrupt coal miner Alpha Natural Resources to pay its executives up to $12 million in bonuses. 

In filings with the bankruptcy court, the United States Trustee, an arm of the Department of Justice, excoriates the proposed bonuses, saying they are completely unjustified.