CHARLESTON – A Kanawha County national banking association alleges it is owed $3.8 million from two Virginia companies owned by West Virginia Gov. Jim Justice.
City National Bank of West Virginia filed a complaint in Kanawha Circuit Court against James C. Justice Cos. Inc. and Kentucky Fuel Corp. alleging breach of contract.
According to the complaint, the plaintiff alleges that on Aug. 3, 2016, the parties entered into a settlement agreement that stated that in the event of default in payment, the plaintiff had the right to collect from defendants the amount of $4,884,905.57, plus interest, late fees and collection costs less amounts previously paid.
The plaintiff holds James C. Justice Cos. Inc. and Kentucky Fuel Corp. responsible because Kentucky Fuel Corp. failed to make its scheduled payment and James C. Justice Cos. Inc. failed to satisfy its obligations as guarantor.
The plaintiff requests a trial by jury and seeks judgment against the defendants in the amount of $3,830,678.12, plus interest from Nov. 1, 2017, attorney's fees, costs and expenses. It is represented by Ancil G. Ramey and Peter Raupp of Steptoe & Johnson PLLC in Huntington and Charleston. The case has been assigned to Circuit Judge James C. Stucky.
Kanawha Circuit Court case number 17-C-1733