Defunct Ski Club's Founder To Pay $13.8M For Defying Judge

Law360, Los Angeles (February 4, 2014, 6:40 PM EST) -- A Montana federal judge on Monday ordered Yellowstone Mountain Club's founder, whom he previously held in contempt, to pay at least $13.8 million for defying a court order with the sale of a Mexico resort property included in the ski resort's bankruptcy.

U.S. District Judge Sam E. Haddon gave Yellowstone liquidating trustee Brian Glasser a judgment against Timothy L. Blixseth for the full value of the so-called Tamarindo property or for its $13.8 million sale price, whichever was greater.

In late December, Judge Haddon held Blixseth...
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