Massey shares drop on report of FBI probe

[Joanne98]

Source: Marketwatch

SAN FRANCISCO (MarketWatch) -- Shares of Massey Energy Co. /quotes/comstock/13*!mee/quotes/nls/mee (MEE 38.42, -2.74, -6.66%) dropped Friday following a National Public Radio report that the coal mine operator is being investigated by the Federal Bureau of Investigation over the recent West Virginia mine disaster that killed 29 miners. Massey shares fell 7.8% to $37.92 in recent activity. NPR said the FBI is investigating the possible bribing of officials at the Mine Safety and Health Administration and possible criminal negligence at Massey.


Read more: http://www.marketwatch.com/story/massey-shares-drop-on-report-of-fbi-probe-2010-04-30

[Joanne98]

1. FBI interviews nearly 2 dozen Massey employees

WASHINGTON — A federal law enforcement official says the FBI has interviewed nearly two dozen current and former employees of Massey Energy in a criminal probe of the West Virginia mine explosion that killed 29 men.

The official says in the interviews over recent days the FBI has been looking for any evidence that the company engaged in criminal negligence.

The FBI declined comment at its headquarters in Washington.

http://www.google.com/hostednews/ap/article/ALeqM5iLB8b-J6xMJMLvlMb97tsiVPpY8wD9FDFJI00

[IthinkThereforeIAM]

2. These investigations/regulation should have been done 10 years ago...

... but no, we need "clean coal".

[Omaha Steve]

3. K&R!