Yellowstone Investors Slam Challenge To $26M Settlement

Law360, New York (November 7, 2012, 5:18 PM EST) -- Yellowstone Mountain Club LLC investors said Tuesday that club members disputing the investors' $26 million prebankruptcy settlement are violating a bankruptcy stay barring the members from bringing claims, asking a Montana federal court to halt the suit.

The members allege in Montana state court that the ski and golf resort's settlement with a group of investors including Tour de France winner Greg LeMond constituted a wrongful distribution of funds, but the investors shot back, saying the suit violated a court declaration that Yellowstone and its development...
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