BECKLEY, W.Va. (AP) - A lawsuit says two of billionaire Jim Justice’s affiliated companies owe $2 million from a 2013 coal deal.
In Tuesday’s complaint 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.
It says Lampert’s trust never received the agreed-upon $4 per ton for the first 500,000 tons of coal mined and sold.
Lampert seeks $2 million and other relief.
Tom Lusk of Southern Coal says there’s a contract definition dispute that’ll be worked out fairly among parties.
Justice has begun a 2016 Democratic bid for West Virginia governor.
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