![]() ![]() ![]() Carter Bank filed 11 individual cases - called confessions of judgment - against Jim and Cathy Justice in an attempt to collect on those loan guarantees. Justice, Cathy Justice, Jay Justice and multiple Justice-owned companies, seeking more than $301 million plus interest and attorney fees.Ĭarter’s efforts to collect on Justice’s loan guarantees comes more than two years after Justice dropped a federal lawsuit against the bank. Attorneys for Carter Bank have filed 21 confessed judgments since April against Gov. The Justices have made more than $300 million in personal loan guarantees to Carter Bank. 15, in the Martinsville Circuit Court in Virginia, where attorneys for Justice and Carter Bank were supposed to make oral arguments. The suit was filed two days before a scheduled hearing Wednesday, Nov. “The suit asserts that the defendants violated the federal Bank Holding Company Act, among other laws.” Attorney for the Southern District of West Virginia. “The suit seeks in excess of $1 billion in damages arising from the defendants’ illegally blocking the Justice plaintiffs from doing business with lenders other than Carter Bank,” said Justice attorney Steve Ruby, a former assistant U.S.
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