Comment on Lawsuit: Justice companies never paid $2M due in coal deal

Lawsuit: Justice companies never paid $2M due in coal deal

The Associated Press BECKLEY, W.Va. - A lawsuit says two of billionaire Jim Justice's affiliated companies owe $2 million from a 2013 coal deal.In a complaint Tuesday in Beckley federal court, Pennsylvania resident Thomas K. Lampert sued Tams Management, Inc. in Beckley and Southern Coal Corporation, a Delaware company doing business in Roanoke, Virginia.The lawsuit says the companies didn't pay $2 million from a March 2013 agreement for equity and membership interests in Newgate Development of Beckley, LLC.The complaint says Lampert's trust never received $4 per ton for the first 500,000 tons of coal mined, which the companies agreed to pay.It seeks $2 million, damages, attorneys' fees, interest and any other court-ordered relief.Southern Coal declined immediate comment.Justice has begun a 2016 Democratic bid for West Virginia governor.

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More U.s. News