Mine executives received bonuses before bankruptcy

CASPER – Executives of a bankrupt coal firm in the Powder River Basin received over half a million dollars in bonus payments in the year leading up to the company’s bankruptcy filing, court documents reveal.

Lighthouse Resources paid 11 “insiders” within the company and its subsidiaries a total of $3.3 million, including at least $702,500 in bonuses, in the 12 months before filing for bankruptcy.

These insiders included a president, chief operating officer, treasurer, general manager, two secretaries and four directors.

The company also reported $2.5 million in “payments related to bankruptcy”...


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