Part of Yellowstone Club’s bankruptcy reorganization was overturned by a judge because the ski resort for millionaires settled a lawsuit against Credit Suisse Group AG without giving creditors a chance to object.
Tim Blixseth , co-founder of the Yellowstone Club for millionaires, won dismissal of an involuntary bankruptcy petition filed by Montana in Las Vegas. A lawyer for Montana said the state can refile its petition.
Pfizer Inc. ’s Quigley unit, a former asbestos maker, was denied permission to exit bankruptcy by a judge who found the world’s largest drug company manipulated the bankruptcy process to benefit itself.
Credit Suisse Group AG was sued for more than $350 million by entities of Highland Capital Management LP who claim it marketed loans for high-end residential communities including the Yellowstone Club in Montana based on unreasonable and deceptive appraisals.
Credit Suisse Group AG was sued for more than $350 million by Highland Capital Management LP entities that claim the bank marketed loans for the Yellowstone Club in Montana and other developments based on fraudulent appraisals.