CHARLESTON — A Charleston company is suing coal resellers, alleging breach of term sheet agreement to supply coal to the defendants.

E & I Holdings LLC filed a complaint March 26 in U.S. District Court for the Southern District of West Virginia Charleston Division against Bellmari Trading USA Inc. Pectrolum USA Inc., alleging the defendants intentionally interfered with the plaintiff's business relationship.

According to the complaint, on March. 4, 2017, E & I Holdings entered into a term sheet agreement to supply coal to the defendants for resale, with the plaintiff receiving $1 for each ton of coal purchased. Due to defendants fraudulent acts, the suit says, E& I Holdings suffered economic damages for loss of profits and harm to business reputation and other consequential damages. 

The plaintiff alleges Bellmari Trading USA and Pectrolum USA induced E& I Holdings to transfer the title of the coal to the defendants without full payment, failed to pay the plaintiff's services and refused to resell the coal to the third parties identified by plaintiff.

E & I Holdings seeks trial by jury, damages to sufficiently compensate the plaintiff's losses, punitive damages, attorney fees, court costs and all other relief. It is represented by attorney Howard M. Persinger III of Persinger & Persinger LC in Charleston.

U.S. District Court for the Southern District of West Virginia Charleston Division case number 2:18-cv-00484




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