Justice Family Seeks Loan Solution | Virginia News



CHARLESTON, W.Va. (AP) – Resolving legal issues between the West Virginia Connections were made with the family and business of Governor Jim Justice, as well as with the Virginia-based Carter Bank & Trust.

The Justice group of companies said in a statement released Wednesday by attorney Steve Ruby that they “have successfully completed a series of cases involving Carter Bank and Trust (CB&T), one of the company’s longtime financial partners,” the Bluefield Daily Telegraph reported.

In May, the coal and hotel enterprises of the republic’s governor filed a lawsuit against the bank on charges of fraud. The judge was also personally hooked on the $ 368 million remaining loan to that bank, according to court documents. The lawsuit sought damages in the amount of $ 421 million related to the financing mechanisms for outstanding loans.

The move came after Carter Bank filed a lawsuit for $ 58 million in loans that they said were “personally guaranteed” by Justice and his wife, Katie.

“The ordinance marks the renewal of the companies’ previous business relationship with CB&T and will allow them to maximize productivity in the currently favorable mining, hospitality and agricultural markets,” Ruby said in a statement.

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