Official Comm. of Unsecured Creditors v. Suisse (In re Yellowstone Mt. Club LLC)
May
13
2009
Ruling
Secured creditor's claim equitably subordinated on basis of overreaching and predatory lending practices.
Procedural posture
Defendants, the unsecured creditors' committee and other creditors, moved to have the rights of the principal secured creditor and its secured claim of $232 million equitably subordinated, pursuant to 11 U.S.C.S. § 510(c), The court entered an abbreviated and limited interim ruling for purposes of facilitating the upcoming auction of the debtors' assets.
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Court
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