Montana Vies to Ax Suit Over Businessman’s Involuntary Bankruptcy (1) – Bloomberg Law

Posted: February 1, 2022 at 3:18 am

The Montana Department of Revenue says it's immune from claims that it waged a bankruptcy battle that caused former billionaire Timothy Blixseth hundreds of millions in losses.

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Jan. 26, 2022, 8:45 PM;Updated: Jan. 26, 2022, 10:11 PM

The Montana Department of Revenue says its immune from claims that it waged a bankruptcy battle that caused former billionaire Timothy Blixseth hundreds of millions in losses.

Although the state partially waived its sovereign immunity to participate as a creditor in Blixseths involuntary Chapter 7 bankruptcy proceedings, it hasnt consented to be a defendant under the jurisdiction of the U.S. Bankruptcy Court for the District of Nevada, it said in a filing Tuesday.

That immunity should protect Montana from facing Blixseths Dec. 23 lawsuit, which accuses the Department of Revenue of bad faith by continuing to pursue the bankruptcy ...

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Montana Vies to Ax Suit Over Businessman's Involuntary Bankruptcy (1) - Bloomberg Law

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