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Justice Family Sues to Block Greenbrier Hotel Loan Sale

4/15/2026

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Summary

Justice Family Challenges Loan

The Justice family, led by U.S. Senator Jim Justice, filed a lawsuit challenging the Greenbrier Hotel loan sale by Carter Bank & Trust and TRT Holdings.
The complaint alleges TRT Holdings used deceptive practices to seize control, citing a debt-for-stake offer and a Notice of Default.
The suit seeks to void the loan sale and prevent foreclosure.
The case is assigned to Judge Robert E. Richardson.

History

Historical Context

The Greenbrier Hotel, purchased by Jim Justice's family in 2009 for $20 million after its bankruptcy, has faced ongoing financial struggles, including a contentious loan sale in 2019 involving Carter Bank & Trust and TRT Holdings. This situation reflects broader issues stemming from the 2008 financial crisis, where deceptive lending practices led to significant economic turmoil and could influence future corporate governance disputes.

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Justice Family Challenges Loan

The Justice family, led by U.S. Senator Jim Justice, filed a lawsuit challenging the Greenbrier Hotel loan sale by Carter Bank & Trust and TRT Holdings.
The complaint alleges TRT Holdings used deceptive practices to seize control, citing a debt-for-stake offer and a Notice of Default.
The suit seeks to void the loan sale and prevent foreclosure.
The case is assigned to Judge Robert E. Richardson.

1 / 2