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Bank suing Justice company eyes properties to satisfy debt | Politics

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. ....

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Justice company sued by bank seeking $4.5 million | Politics

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. ....

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Sale terms proposed for Justice company helicopter | Politics

Sale and surrender terms have been proposed in the U.S. District Court for the Western District of Virginia for a helicopter that has belonged to one of Gov. Jim Justice s coal companies. The company, Bluestone Resources Inc., didn t participate in the sale proposal process, according to a joint court filing submitted by the other parties in the case, Caroleng Investments Limited and 1st Source Bank. Caroleng says Bluestone has failed to pay a $13 million judgment against Bluestone in its favor in 2021 and has been trying to seize the helicopter in response. ....

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Justice helicopter case: Claims hearing scheduled for Jan. 3 | Politics

The creditor, an Indiana-based bank, told a federal court last week the Justice company delivered it $9.3 million in promissory notes in December 2021 under an amended agreement restructuring a loan secured by the helicopter.The court had ordered seizure of the helicopter by federal marshals to enforce a roughly $13 million judgment against the coal company, Bluestone Resources Inc., but United States District Judge James Jones stayed his own order in October after Bluestone contended a seizure would harm other creditors. ....

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