Experienced BV Expert Manipulated by Resort Owner and Attorneys?

Business Valuation UpdateVol. 16 No. 10
Legal and Court Case Update
October 2010
7997 Membership Sports and Recreation Clubs
713940 Fitness and Recreational Sports Centers
bankruptcy

In re Yellowstone Mountain Club, LLC
2010 WL 3222534 (Bkrtcy. D. Mont.)
August 16, 2010
US
Federal Court
Federal
United States Bankruptcy Court
Robert Reilly and Joanne Sheridan (owner); David Abshier, Kent Mordy, and John Hekman (debtors)
Kirscher

Summary

Bankruptcy court avoids $209 million loan distribution to a resort owner, finding he (and counsel) manipulated the valuation experts, inflated projections, and used flawed appraisals for the underlying assets.

See Also

In re Yellowstone Mountain Club, LLC

Bankruptcy court avoids $209 million loan distribution to a resort owner, finding he (and counsel) manipulated the valuation experts, inflated projections, and used flawed appraisals for the underlying assets.