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Justice family seeks delay for new deal
['Steven Allen Adams']
The Intermountain
The Justice family expects to have all deal documents finalized between the family and New York-based Kennedy Lewis Investment Management this week, with due diligence complete and primary transaction documents and title documents nearly complete, as well as property inspections.
In a May 30 order, Volk set a deadline of July 16 for the closing to be completed between the Justice family and KLIM, warning the family that any delays beyond that could test the patience of the court.
The Justice family announced the proposed deal with KLIM in May.
The loan would be secured by the Greenbrier Resort and connected properties, land and timber assets owned by the Justice family, and guaranteed by Sen. Justice and other family members.
In Tuesday's filing, the Justices' attorneys accused WSSH/TRT Holdings of extorting the Justice family and trying to stop the deal with KLIM in order to obtain The Greenbrier.