Pirate Capital Lowers Stake in James River Coal (JRCC)

In an amended 13D filing on James River Coal Company (Nasdaq: JRCC), Pirate Capital disclosed an 8.8% stake (1.475 million shares) in the company. This is down 14.1% stake the firm disclosed in a past filing.
Recently, Pirate disclosed that Matthew Goldfarb, a James River Coal Board member, resigned from the hedge fund as part of its recent shake-up.

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