A U.S. Bankruptcy Judge has ordered three days of settlement talks in May for the tangle of legal claims arising from the bankruptcy of the ultra-exclusive Yellowstone Club. It's been almost ten months since the millionaires-only ski re s o r t near Ye l l ows tone National park emerged from bankruptcy protection. But the legal slugfest over its financial collapse drags on. Creditors want $286 million out of resort founder Tim Blixseth. Blixseth claims the club was the victim of a conspiracy engineered by his former wife Edra, new club owner Sam Byrne and executives at the financial giant Credit Suisse. Credit Suisse arranged a $375 million loan to Blixseth in 2005 but is now trying to distance itself from the case. U.S. Ba n k r u p t cy J u d ge J o h n Peterson says he wants the firm to attend the settlement talks scheduled to start May 5.
Judge seeks deal in Y-stone Club cases
Published: Monday, March 22nd, 2010
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