Bankrupt Ski Club Founder Can't Skirt $41M Judgment

Law360, New York (April 8, 2014, 7:02 PM EDT) -- A Montana federal judge on Monday affirmed a $40.9 million judgment against Yellowstone Mountain Club LLC's founder for allegedly misusing a $375 million loan, ruling that a bankruptcy court had proper jurisdiction to set the damages award.

U.S. District Judge Sam E. Haddon denied Timothy Blixseth's request to have the judgment vacated, noting that he agreed to the bankruptcy court's jurisdiction by intervening in an adversary proceeding. The judge further blasted Blixseth for making several wrongful allegations against the bankruptcy court and judge.

“The bankruptcy court...
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