Photo Courtesy of Governor’s Office Gov. Jim Justice discusses the latest developments in the state’s fight against COVID-19 during a recent briefing.

The legal battle between Gov. Jim Justice’s companies and Virginia-based Carter Bank and Trust came to an end late Tuesday night, as the two sides have reached an agreement.

Steve Ruby, an attorney for Justice family business, announced the news on behalf of Justice’s children — son Jay Justice and daughter Dr. Jillean Justice — in an email sent at 10:45 p.m. Tuesday.

James Justice III is president of the Justice mining and agriculture businesses, while Jillean Justice is president of The Greenbrier resort.

“We are pleased to move past our disagreements with CB&T, and we look forward to a continued productive relationship with the bank moving forward,” James Justice III said. “This resolution clears the way for our businesses and our people to focus on what they do best: producing world-class coal and running world-class farms.”

The Justice family and Carter Bank, a longtime financier of Justice’s companies, have been wrangling in court the past few months, filing suits against each other.

Justice’s companies have approximately $368 million of outstanding loans with Carter Bank.

All those loans are guaranteed by Justice himself, his wife Cathy and Jay Justice.

The Justices sued Carter Bank in late May for $421 million in damages, claiming the bank engaged in anti-competitive behavior, breach of contract and breach of its fiduciary duties.

The bank then went after the governor and his wife personally for $58 million in defaulted loans to two Justice-owned companies – the Greenbrier Sporting Club Inc., and the Oakhurst Club LLC.

With this new agreement, the email stated, CB&T will dismiss the lawsuits it filed against the governor and his wife in Martinsville, Virginia Circuit Court. In turn, the Justice companies will dismiss their federal action against CB&T and its directors in the Southern District of West Virginia. The resolution marks a resumption of the companies’ previous business relationship with CB&T.

“Our relationships with our business partners are important to us, and we welcome the resumption of our productive relationship with CB&T,” Jillean Justice said.

This announcement settles one of the financial issues with Justice’s companies, but others remain. The Wall Street Journal reported in June that the governor, his wife and son guaranteed more than $700 million in loan guarantees taken out for Bluestone Resources Inc. — the umbrella for Justice’s coal and agricultural interests — in 2018 to Greensill Capital.

Greensill, now defunct, sold the Bluestone loans and other loans to Credit Suisse Group’s investment funds. Credit Suisse is working with the Justice-owned company on repayment, but Bluestone filed suit against Greensill in March.

According to the Wall Street Journal, Justice company officials and Credit Suisse met face-to-face recently to discuss repayment of that debt. When questioned about his companies’ financial issues during press conferences, Gov. Justice has said the problems will get ironed out.