Massachusetts officials announced a $265 million cash settlement related to a class action against the former Massey Energy Co., which is now doing business as Alpha Appalachia Holdings Inc.

The Massachusetts state pension fund, which served as lead plaintiff in the case on behalf of itself and other investors, brought the legal action in 2010 in response to the company's safety disclosures, alleging that certain misrepresentations artificially inflated the stock price, and the eventual disclosures and corresponding loss of value harmed investors.

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