Jun. 6—CHARLESTON — An amended complaint has been filed by Gov.
Last week, Justice said he had “personally guaranteed” the loans from
“Yes, I did personally guarantee the loans,” he said. “The loans have always been personally guaranteed.
That lawsuit, filed in
According to a statement released by the Justice family, the lawsuit was amended to “make clear that the Justice family members have no personal liability to
Those loans were obtained in 2018 after Justice purchased
“It absolutely melted down to nothing and it closed,” he said of the mines when he purchased them.
Justice said last week the Russian company left numerous liabilities, including taxes and pensions.
“We knew it would take hundreds of millions of dollars from the mess the Russians had left,” he said. “We paid them (the liabilities). We have been rebuilding Bluestone back.”
That is why the money was borrowed, but, he said, “out of nowhere”
The amended lawsuit against
The amended lawsuit alleges
But, the lawsuit alleges, an accelerated repayment schedule was pushed by
It also says the plaintiffs initially signed the personal guarantees because of the “understanding between the parties that the Enterprise Financing was a long-term financing,” allowing Bluestone the time to “restructure its portfolio and restart mining operations, which would then generate sufficient cash flows that enable Bluestone to repay the loans beginning in 2023 at the earliest. Had plaintiffs known that the Enterprise Financing was as short-term financing, effectively callable at will, Plaintiffs would have never agreed on signing the personal guarantees.”
The lawsuit asks the court for direct and consequential damages from
According to the
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