Ramaco Resources, LLC v. Federal Insurance Company and Ace American Insurance Company

CourtDistrict Court, S.D. West Virginia
DecidedJune 10, 2026
Docket2:19-cv-00703
StatusUnknown

This text of Ramaco Resources, LLC v. Federal Insurance Company and Ace American Insurance Company (Ramaco Resources, LLC v. Federal Insurance Company and Ace American Insurance Company) is published on Counsel Stack Legal Research, covering District Court, S.D. West Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Ramaco Resources, LLC v. Federal Insurance Company and Ace American Insurance Company, (S.D.W. Va. 2026).

Opinion

IN THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF WEST VIRGINIA

CHARLESTON DIVISION

RAMACO RESOURCES, LLC,

Plaintiff,

v. CIVIL ACTION NO. 2:19-cv-00703

FEDERAL INSURANCE COMPANY, and ACE AMERICAN INSURANCE COMPANY,

Defendants.

ORDER Pending before the court is Plaintiff Ramaco Resources, LLC’s Motion in Limine No. 7, [ECF No. 545 at 3]. Ramaco seeks to exclude any reference, testimony, or argument (1) “related to any opinion or analysis by Defendants’ designated expert witnesses, Professor Richard Riley, Jr. and John Weiss, that was not disclosed in the experts’ reports” and/or (2) “based on analysis Defendants’ experts claim to have performed after their reports were prepared” by Federal’s experts, Richard A. Riley and John L. Weiss, and submitted to Ramaco on December 5, 2024. [ECF No. 545, at 3]. Ramaco asserts that, because the court granted a similar motion before the first trial, it should grant this motion for the Hayseeds damages retrial. Id. (citing ECF No. 208, at 3 (seeking to exclude any reference to previously undisclosed testimony or analysis from Defendants’ experts); ECF No. 370, at 2 (order granting the same)). Federal objects. In its response, Federal references Ramaco’s Board-approved 2019 Budget, meeting minutes from Ramaco’s Board of Directors spanning 2018 through 2023, email communications regarding the Eight Kay Mine, and a number of emails regarding the possible flexibility of Ramaco’s Credit and Security Agreement (“CSA”) with KeyBank. Federal contends, without further citation, that the 2019 Budget and related Board minutes were not produced until December 20, 2024; the Eight Kay Mine emails were not produced until January 6, 2025; and the email

communications with KeyBank regarding the CSA were not produced until April 4, 2025. Despite the alleged delay in production of the above documents, Federal maintains that any discussion thereof would not require either of its experts to conduct additional analysis because neither expert changed his opinion after reviewing the documents. In fact, Federal asserts that the content of the documents only supports each expert’s opinion. Nevertheless, to the extent that Federal violated Fed. R. Civ. P. 26 by failing to supplement its experts’ reliance lists to include the above documents, Federal maintains that Ramaco should not be surprised or prejudiced by such failure because Ramaco not only contributed to and/or authored many of the documents, but Ramaco also prevented Federal from obtaining them any sooner by “intentionally slow walk[ing]” their production until the dates they were produced as noted above.

Ramaco does not appear to dispute that it produced Board meeting minutes and emails regarding the Eight Kay Mine after Federal’s experts submitted their reports. However, Ramaco insists that it produced the 2019 Budget and many KeyBank documents well before Federal’s expert report deadline. Specifically, Ramaco claims that the 2019 Budget, designated “RamacoHYDS031891- 31928,” was included in a batch of discovery produced to Federal on November 20, 2024. [See ECF No. 612, Ex. A (email from E. Ford to M. Hissam dated Nov. 20, 2024, providing a link to “another portion of Ramaco’s rolling production in response to Defendants’ First Set of Combined

2 Discovery Requests on remand: RamacoHYDS000010-69, RamacoHYDS014088-31928”); ECF No. 513-1, at 4 (stating that on November 20, 2024, Ramaco produced to Federal RamacoHYDS000010–69, 14088–31928)]. Although neither party attaches the 2019 Budget to their briefing on this motion, independent review of the record appears to support Ramaco’s claim

that the 2019 Budget was included in the discovery produced on November 20, 2024. [See ECF No. 547-10 (designated by Federal as “Ramaco Resources 2019 Annual Budget” and spanning RamacoHYDS_031892-031928)]. Regarding KeyBank, Ramaco states that it produced “hundreds of documents detailing its relationship with KeyBank, including the Credit and Security Agreement . . ., well before [Federal’s] experts prepared their reports. [See ECF No. 612 at 4]. But Ramaco does not explicitly dispute Federal’s assertion that the email communications with KeyBank—which, according to Federal, “show the bank’s willingness to work with Ramaco to redefine and massage aspects of the [CSA] that Ramaco now claims were etched in stone,” [ECF No. 569 at 5]—were not produced until April 4, 2025, well after Federal’s experts prepared their reports. Accordingly, the critical

KeyBank documents Federal references were not produced until after Federal submitted its expert reports. Turning to the opinions rendered in Federal’s expert reports, Federal claims that, regardless of when the documents at issue were produced, none of the documents undermine the experts’ opinions, and thus any discussion of the same requires no new analysis by either expert. By way of example, Federal points to Dr. Riley’s initial opinion that “Ramaco had the financial resources to open the [Eight Kay] Mine during all periods from 2019 through the second quarter of 2024.” [ECF No. 569, at 7 (citing ECF No. 570-1, at 2 (“Riley Expert Report”))]. When

3 he prepared his report, Dr. Riley relied on, inter alia, representations made in Ramaco Expert Seth Schwartz’s September 19, 2024 report, as well as in Ramaco’s September 19, 2024 Executive Disclosure of Christopher L. Blanchard. Both Mr. Schwartz’s report and Mr. Blanchard’s testimony indicated that the initial capital investment to develop the Eight Kay Mine was estimated

to be $8,447,250 and that this figure was included in Ramaco’s 2019 Budget. See Riley Expert Report, at 10–11. Upon reviewing the later-produced 2019 Budget, Dr. Riley discovered that the budgeted capital expenditure for the mine was not $8 million, but only $3.047 million. [See ECF No. 569, at 7]. Nevertheless, Federal states that Dr. Riley’s opinion is unchanged, and that he will maintain that Ramaco could have afforded to finish the mine during the relevant period, assuming that the Board-approved 2019 Budget is an accurate representation of what Ramaco believed it would cost to do at the time. See id. Similarly, Dr. Riley’s report drew on Ramaco’s public SEC disclosures to determine that Ramaco’s capital expenditures in 2019 totaled $45.7 million. Riley Expert Report, at 25. Upon receiving the 2019 Budget, Dr. Riley discovered that Ramaco had only budgeted to spend $30

million on capital expenditures in 2019. [ECF No. 569, at 8]. Federal maintains that discussion of this discrepancy requires no new analysis from Dr. Riley because it supports his initial opinion that Ramaco had the financial resources to open the Eight Kay Mine from 2019 through the second quarter of 2024. See id., at 9. Likewise, although Mr. Weiss’s report makes no mention of Ramaco’s CSA with KeyBank, he opined that he “strongly disagreed that an entity such as [Ramaco] was simply unable to procure financing to support such mine development.” Id., at 9. After Ramaco claimed through its rebuttal expert disclosures that the KeyBank CSA had an effect on its ability to finance the

4 Eight Kay Mine, Mr. Weiss testified during his deposition that “in his experience, a coal bank will allow deviations from the terms of an agreement for projects that promise such returns as the Eight Kay Mine.” Id. Again, upon receiving the April 4, 2025, batch of email communications between Ramaco and KeyBank regarding adjustments to the CSA, Federal submits that those documents

merely confirm Mr. Weiss’s opinions. Accordingly, the 2019 Budget and the additional KeyBank emails, as described, appear to corroborate the claims of Federal’s experts. Ramaco seeks exclusion of any reference, testimony, or argument based on Dr. Riley and Mr.

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Ramaco Resources, LLC v. Federal Insurance Company and Ace American Insurance Company, Counsel Stack Legal Research, https://law.counselstack.com/opinion/ramaco-resources-llc-v-federal-insurance-company-and-ace-american-wvsd-2026.