Edra Blixseth News
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The founders of the Yellowstone Club and Tamarack Resort are seeking to join a group lawsuit against Credit Suisse Group AG, according to a July 22 filing in U.S. federal court in Boise, Idaho.
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Yellowstone Club co-founder Tim Blixseth may be forced into bankruptcy by three states that claim he owes $2.3 million in back taxes.
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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.
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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.
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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.
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Credit Suisse Group AG ’s “greedy antics” bar it from collecting $229 million on a soured loan the bank arranged for the Yellowstone Club, a ski resort for millionaires, a court ruled.
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