Yellowstone Trustee Loses Bid To Raise $40M Judgment

Law360, New York (October 7, 2011, 10:58 PM EDT) -- A Montana federal judge on Friday dismissed an appeal by Yellowstone Mountain Club LLC's liquidating trustee requesting an increase in the $40 million judgment against Yellowstone's founder over misappropriation of funds.

In a hearing held Friday, U.S. District Judge Sam E. Haddon dismissed the appeal from the bench, calling it premature because the judgment against Timothy Blixseth is not yet final.

Creditors sued Blixseth for $286 million in bankruptcy court over misappropriation of funds from a $375 million Credit Suisse Group AG loan and won the...
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