New Zealand Oil and Gas (NZOG) shareholders have voted against a payout of $3.4 million dollars in reparations to the families of the miners killed in Pike River mine.
The news is yet another blow to the families who won't see any form of reparation after the explosion.
Pike River Coal itself is bankrupt and, despite a court order to pay out millions in compensation, doesn't have the funds to meet the bill.
NZOG was the biggest shareholder in the mine at the time of the explosion and could have settled the claim but, in a decision yesterday, 99 percent of shareholders voted against reparations.
Families spokesperson Bernie Monk says things have to change and he wants a legal provision for corporate manslaughter.
"There is no accountability here and there won't be until laws change in New Zealand, to make sure people are accountable for the decisions that they make," he says.
Mr Monk believes the focus now needs to be continuing the work to get back into the mine.