A coal firm controlled by West Virginia Gov. Jim Justice’s family has reached a nine-digit settlement agreement with a Swiss bank.
Bluestone Resources Inc. has agreed to pay up to $320 million to lenders.
Credit Suisse Asset Management announced the agreement on Friday.
Bluestone CEO Jay Justice, Gov. Justice’s son, says the proceeds from any sale of Bluestone entities would be shared between the Justice family and lenders, according to Credit Suisse.