WV Press InSight Videos

WV High Tech Consortium entities sued over debt

CLARKSBURG, W.Va. — Huntington National Bank has filed a $20 million federal breach-of-contract lawsuit against the West Virginia High Technology Consortium Foundation and one of its subsidiaries.

The funds sought would cover money still owed by the consortium and subsidiary HT Foundation Holdings Inc. for a $24 million promissory note issued March 26, 2008, by the bank, the lawsuit asserts.

The filing by attorney Kathleen Jones Goldman of Buchanan Ingersoll & Rooney PC of Pittsburgh on behalf of Columbus, Ohio-based Huntington National Bank has been assigned to Senior U.S. District Judge Frederick P. Stamp Jr.

High Technology Foundation President and CEO Jim Estep said the lawsuit was a complete surprise…

Comments are closed.

Subscribe to Our Newsletter