Thursday, October 12, 2006

Pirate Capital Maintains James River Coal (JRCC) Position Following Goldfarb Resignation

In an amended 13D filing on James River Coal Company (Nasdaq: JRCC), 14.1% (2.3 million shares) holder Pirate Capital notes that Matthew Goldfarb, a member of the Board of Directors of the Issuer, has voluntarily resigned his employment with Pirate Capital.

Interestingly, Pirate Capital didn't cut its position in JRCC.

Goldfarb's separation from Pirate occurred after the hedge fund shake-up in late-September.

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