Resort Founder Loses Bid To Sue Credit Suisse, New Owner

Law360, New York (October 13, 2011, 5:47 PM EDT) -- A Montana bankruptcy judge refused Tuesday to give Yellowstone Mountain Club LLC's former owner derivative standing to bring suits on behalf of the resort seeking more than $4 billion from creditor Credit Suisse Group AG and current club owner CrossHarbor Capital Partners LLC.

U.S. Bankruptcy Judge Ralph B. Kirscher said Timothy L. Blixseth, who co-founded the bankrupt luxury ski and golf resort with his ex-wife Edra Blixseth, lost the ability to lodge claims against Credit Suisse and private equity firm CrossHarbor when the court adopted an...
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