BILLINGS, Mont. (AP) - Montana's bid to force ultra-luxury resort founder Tim Blixseth into bankruptcy and make him cough up $57 million in alleged back taxes has been resurrected by an appeals court ruling in the case.
A three-judge panel of the 9th U.S. Circuit Court of Appeals overruled a lower court ruling Monday and said Nevada is the proper venue. Blixseth is a resident of Washington and is believed to have most of his assets in a Nevada-based trust.
The ruling comes on the heels of a Dec. 5 order that Blixseth pay $41 million to creditors from the Yellowstone Club, the private ski resort he founded near Big Sky.
Blixseth diverted most of a $375 million loan to the club for his personal use before it went bankrupt in 2008.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
Cuomo to Kardashian: You might be breaking the law.
Something unusual: Acupuncture for ailing sea turtles. (Photos)
Can you guess why this pigeon is the world's most expensive?
This fox plays like a cat when he gets his paws on a golf ball. (Video)