West Virginia Gov. Jim Justice Offers $300 Million Settlement Payment to Credit Suisse
West Virginia Gov. Jim Justice has offered a $300 million payment and half the value of his family coal businesses to settle loans from the now-defunct Greensill Capital, according to people familiar with the deliberations.
The proposal is part of talks between the governor’s family business, Bluestone Resources Inc., and Credit Suisse Group AG, which manages investment funds that were Greensill’s main source of cash for its lending business.
