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Squire Patton Boggs | USA | 26 Aug 2009

Non-insider lender equitably subordinated for predatory lending

Although courts are generally reluctant to equitably subordinate claims of non-insiders, the United States Bankruptcy Court for the District of Montana recently did just that to the claims of a non-insider lender based on overreaching and self-serving conduct in Credit Suisse v. Official Committee of Unsecured Creditors (In Re Yellowstone Mt. Club, LLC), Case No. 08-61570-11, Adv. No. 09-00014 (Bankr. D. Mont. May 13, 2009).


Bricker & Eckler LLP | USA | 18 May 2009

Montana Bankruptcy Court subordinates $375 million Credit Suisse loan in Yellowstone Club Chapter 11

Yellowstone Mountain Club LLC (Yellowstone Club) developed land near Yellowstone National Park in Montana as a high-end residential development with a private ski and golf club.

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