Murray Energy’s Creditors Ask to Sue Founder for Raiding Cash

Creditors of Murray Energy Corp. are seeking permission to sue founder Bob Murray and his family members to recover what they allege was at least $71 million in excessive compensation in the years leading up to the coal giant’s bankruptcy.

Murray and nephew Rob Moore received at least $100 million more than senior executives in comparable companies for the years 2016 through 2019, the unsecured creditors committee said in a May 1 filing with the U.S. Bankruptcy Court for the Southern District of Ohio.

Their total cash compensation during this period was at least $120 million, the committee said in ...