BILLINGS, Mont. AP - Creditors owed tens of millions of dollars by the Yellowstone Club are seeking to sue Credit Suisse for arranging a "fraudulent" $375 million loan that largely ended up in the pockets of the club's owners.The millionaires-only ski resort on 13,600 acres south of Bozeman has been under federal bankruptcy protection since November, after falling almost $400 million into debt.
February 13, 2009 at 12:00 AM
1 minute read
BILLINGS, Mont. AP – Creditors owed tens of millions of dollars by the Yellowstone Club are seeking to sue Credit Suisse for arranging a “fraudulent” $375 million loan that largely ended up in the pockets of the club’s owners.
The millionaires-only ski resort on 13,600 acres south of Bozeman has been under federal bankruptcy protection since November, after falling almost $400 million into debt.
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