Looks like the Justice family is having a tough time keeping up with their finances, and the folks at JPMorgan Chase aren’t feeling too forgiving.
Back in April, a letter landed at Governor Jim Justice’s Lewisburg home, and it wasn’t exactly a warm greeting. Nope, it was more like a stern reminder that the Justice family businesses, including The Greenbrier Hotel, have been racking up loan defaults for years.
The bank’s message was crystal clear: time’s up, and no more chances.
“Don’t expect any more warnings,” the letter practically shouted, with a polite “Very truly yours” at the end.
Fast forward a few weeks, and the situation escalated. JPMorgan wasn’t in the mood to wait around for the Justice family to find some spare change in the couch cushions, so they sold The Greenbrier’s deed to a credit collection company called McCormick 101. And McCormick 101 wasted no time, announcing that The Greenbrier would be auctioned off on the courthouse steps, cash only.
As if that wasn’t enough, McCormick 101 also decided to take Governor Justice and his businesses to court, suing them for over $40 million. The lawsuit, filed in New York, argues that the Justice family broke their financial agreements and asks the court to step in.
Now, with an auction in West Virginia and a lawsuit in New York, the Justice family is in a tight spot. If they want to fight back, they might have to head to Manhattan to sort things out. Looks like The Greenbrier’s fate is hanging in the balance, and it’s not looking too rosy.
