Greg LeMond, et. al v. Blixseth Group, Inc., et. al

Filed suit in May 2006, represented three-time Tour de France winner, Greg LeMond, a former high-ranking banker at JP Morgan Chase, a Wisconsin corporation, and two other individuals in a minority-shareholder lawsuit against Timothy Blixseth, the then-billionaire majority owner of the elite Yellowstone Club located near Big Sky, Montana, and certain related entities. After valuing receiving a cash and land buy-out offer of less than $12 million collectively, our clients alleged fraudulent practices relating to the management of Yellowstone Club assets. In October 2007, our clients reached a $38 million settlement which required two settlement payments to be made before February 2008. When the defendants did not make the second settlement payment, the suit was renewed and settled for $39.5 million. In this second settlement, our clients also obtained confessions of judgment, a mortgage on Blixseth's former home, and protection against having their Yellowstone Club memberships unfavorably affected.  In 2008, Yellowstone Development, LLC and Yellowstone Mountain Club, LLC filed for bankruptcy.  Several interested parties in this bankruptcy litigation have relied upon and continue to repeatedly cite our work product in pursuit of claims against the debtors and others.