SAM Magazine--June 3, 2009--A U.S. bankruptcy judge approved the $115 million purchase of the Yellowstone Club, Mont., by CrossHarbor Capital Partners. CrossHarbor will pay $35 million in cash and take on $80 million of the $375 million debt owed to Credit Suisse and the holders of loans arranged by Credit Suisse.

In previous rulings, Credit Suisse's $375 million loan was ruled predatory and that the company would have to stand in line behind other creditors on the balance of the loan. See story from May 18 for more background: http://www.saminfo.com/news/article.php?tid=4105