![]() ![]() “Most egregiously, Defendants refused any discussion with Plaintiffs even in the immediate lead-up to the June 1, 2021, repayment date during which time the Greenbrier Entities informed Carter Bank that they were in the final stages of securing the replacement financing from a new lender for the repayment of all their Carter Bank loans, putting that replacement financing in jeopardy.” The Justice companies described repeated communication attempts to not only pay what was due June 1, but also to pay off all outstanding loan balances with Carter Banks. The five-year maturity loans for the Greenbrier properties came due June 1, according to the lawsuit. More broadly, that includes golf and tennis facilities, a spa, dining, a casino and a medical clinic and spa. The suit makes specific reference to loan payments due June 1 for “Greenbrier Entities,” defined as The Greenbrier Hotel, Greenbrier Golf & Tennis Club, Greenbrier Medical Institute, Greenbrier Sporting Club, Justice Family Group, Oakhurst Club and The Greenbrier Sporting Club Development Company. “Although the Justice Entities have advised Carter Bank that such replacement financing is available and in the final stages of negotiation, Carter Bank has refused to engage in any discussions,” the lawsuit stated. The Justice companies alleged being stonewalled. The lawsuit describes tension with Carter Banks coming to a head over the past eight weeks over the Justice family’s desire to partner with another lender to refinance loans that Carter held. District Court for the Southern District of West Virginia at least cast doubt on the current situation. “I mean, the employees know where I live.”īut the lawsuit filed by Justice and his companies this week in U.S. “I knew I just couldn’t mess this up,” Justice told The Washington Post in a story that ran two years after the purchase. To much acclaim, Justice’s family purchased the iconic Greenbrier out of bankruptcy in 2009. ![]() The Greenbrier holds a special place in West Virginia’s history, laying claim as “America’s Resort” that has been visited by presidents but also enjoyed by the general public. Justice’s companies filed federal suit this week against Carter Banks & Trust of Virginia, alleging the once-loose financial relationship had become more restricted and tense in recent years, culminating with a standoff over refinancing Greenbrier properties during the past couple of months. “From the standpoint of the health of The Greenbrier, from the standpoint of the health of Bluestone, both are extremely, extremely healthy,” Justice said today. The governor’s assessment grouped in Bluestone Resources, the umbrella company for his family’s coal holdings, which also have been the subject of recent high-profile turmoil. Jim Justice characterized the finances for the historic hotel his family owns as stable. In public comments that came right after a federal court filing described major complications with refinancing loans for Greenbrier properties, Gov. ![]()
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