United Mine Workers of America 1974 Pension Plan & Trust v. Alpha Natural Resources, Inc.

MEMORANDUM OPINION (Affirming the Decision of the United States Bankruptcy Court)

Henry E. Hudson, United States District Judge

THIS MATTER is before the Court on appeal from the United States Bankruptcy Court for the Eastern District of Virginia (“Bankruptcy Court”). It evolves from a dispute over a proposed revised Key Employee Incentive Plan (“KEIP”). On December 3, 2015, the Debtors moved for entry of an order (1) authorizing payments to executive insiders under the Debtors’ 2015 Annual Incentive Bonus Plan and (2) approving the Debtors’ Key Employee Incentive Plan. (App. 1.) Only the…