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Bank contends Justice companies filed suit as ‘delay tactic’ when loans came due

admin by admin
July 16, 2021
in Loans
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Bank contends Justice companies filed suit as ‘delay tactic’ when loans came due

The bank being sued by Gov. Jim Justice and his family contends that happened because the Justice businesses had loans coming due and were trying to delay.

The introductions to those filings are dismissive of the motivations behind the lawsuits.

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Carter Bank contends that over the years its representatives worked repeatedly and cooperatively with the Justice companies to restructure or extend various loans, but “early in 2021 Carter Bank advised the Plaintiffs that it would not renew or extend two loans due to mature by their own terms on June 1, 2021.”

The two loans coming due amounted to $57 million, one of the filings specified.

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