Federal Court Rules Jim Justice Owes Nearly $30 Million to Surety Bond Provider

A federal appeals court ruled that Jim Justice owes nearly $30 million to a surety bond provider based in Tennessee. This debt includes unpaid amounts, collateral obligations, and prejudgment interest dating back to July 2023. The obligation arose from 2018 and 2019 agreements where Jim Justice guaranteed that his coal companies would make timely payments of $5 million and $20 million, respectively.

The judgment establishes a significant financial liability for Jim Justice related to corporate guarantee agreements. The ruling confirms the surety bond provider's claim for over $29 million in unpaid debt and associated costs.