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Judge: Tamarack Group can Intervene in Lawsuit
BOISE, Idaho (AP) -- A judge will let Tamarack Resort property owners participate in a foreclosure lawsuit over the failed Idaho vacation getaway, but refused to endorse their plan to use a Mexican real-estate lender's cash to open skiing this winter. In a decision Tuesday, 4th District Court Judge Patrick Owen wrote he'll at least allow homeowners to argue their case, despite his "concerns that this is not a proper case for intervention." The homeowners want to use a $7.9 million loan from Mexico-based Inmobiliaria Las Fuentes, S.A. de C.V. to hire a new receiver to reopen the resort. Zurich-based Credit Suisse Group and others owed more than $300 million by Tamarack are fighting the homeowners' plan, on grounds the Mexican firm has made being repaid before existing creditors a condition of extending the money.
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Judge: Tamarack Group can Intervene in Lawsuit

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