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A coal firm owned by West Virginia Gov. Jim Justice has been found in contempt by a federal decide for not following an order to pay an insurance coverage firm to keep up collateral for monetary obligations.
U.S. District Judge Elizabeth Dillon found Southern Coal Corp. in civil contempt Monday and granted the insurance coverage firm’s request to wonderful it $2,500 per day till it complies with the order, the Charleston Gazette-Mail reported.
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The ruling dismissed Southern Coal’s argument that it was unable to adjust to the order for cost, issued 5 months in the past, as a result of it is not actively mining coal and has no earnings.
West Virginia Gov. Jim Justice is seen right here throughout the State of the State handle in Charleston, West Virginia, on Jan. 10, 2024. (AP Photo/Chris Jackson, File)
That September order mentioned Southern Coal did not fulfill contractual obligations and should pay Charleston-based BrickStreet Mutual Insurance Co. $503,985 to keep up collateral for monetary obligations, together with legal professional charges. BrickStreet offers staff’ compensation and employers’ legal responsibility insurance coverage.
Southern Coal argued that different Justice-controlled firms may not pay the corporate’s money owed due to latest judgments towards them, however the decide mentioned in the contempt order that no proof had been offered to assist that assertion.
Southern Coal has seven days to conform earlier than the day by day wonderful begins, in line with the order.
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The Justice household has been named in a number of lawsuits concerning enterprise dealings. A Virginia financial institution mentioned this month it might delay plans to public sale off land at Justice’s posh resort, the Greenbrier Sporting Club, in an try and get better greater than $300 million on defaulted enterprise loans by the Republican governor’s household.
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