MEMORANDUM OF UNDERSTANDINGArch Coal Inc • June 6th, 2011 • Bituminous coal & lignite surface mining
WHEREAS, the parties to the action in the Circuit Court of Putnam County, West Virginia (the “West Virginia State Court”) styled In re International Coal Group, Inc. Shareholders Litigation, C.A. No. 11-c-123 (the “Consolidated West Virginia State Action” or the “Action”) have reached an agreement-in-principle providing for the settlement of the Consolidated West Virginia State Action on the terms and subject to the conditions set forth below;
