During the next several weeks, a variety of billionaires and investors are likely to place bids to acquire the Yellowstone Club, the 13,500-acre, private ski and golf club nestled in the Montana Rockies that counts Bill Gates and Dan Quayle as members.But a flurry of lawsuits and dueling accusations is threatening to complicate any sale and divide the club’s more than 340 wealthy members.The fights cap two years of controversy at Yellowstone, which filed for bankruptcy-court protection in November following the real-estate downturn and the divorce of founders Tim and Edra Blixseth. Once a refuge of privacy and exclusivity for the ultrawealthy, Yellowstone now is a battle zone of disputes.
By Robert Frank, Mar 6, 2009, WSJ

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