A helicopter that had belonged to one of Gov. Jim Justice s coal companies has been listed publicly for sale. A judge had ordered the company, Bluestone Resources Inc., to surrender the helicopter after the company failed to pay a $13 million judgment against it owed to Caroleng Investments Limited, a British Virgin Islands firm.
A surety firm has asked a federal court to approve liens on Gov. Jim Justice s interests in eight of his companies to satisfy a $8.5 million money judgment. The firm, Western Surety Company, says Justice and his Southern Coal Corp. and Bluestone Resources Inc. immediately defaulted under a forbearance agreement they entered into with Western in April 2023 to resolve prior debt.
ROANOKE, Virginia – An Indiana-based bank has sued a coal company owned by Gov. Jim Justice for more than $4.5 million on unpaid loans. And in yet another federal lawsuit, a trustee for one of Justice’s creditors sued the Justice companies' longtime banker that also is trying to collect more than $300 million from companies owned by the governor’s family.
1st Source Bank, a bank suing one of Gov. Jim Justice s coal companies, Bluestone Resources Inc., for over $4.5 million in what it says are unpaid loans has revealed what properties it s looking to take that it says is collateral securing the loans. The property consists of Caterpillar and Ford construction vehicles and equipment.
One of Gov. Jim Justice s coal companies has been sued by an Indiana bank seeking over $4.5 million and personal property from the company. The bank, 1st Source Bank, says Bluestone Resources Inc. has failed to pay millions in loans.